Posts tagged 'LCR'

Cut and paste – your guide to ‘economic’ vs ‘regulatory’ liquidity

Are you a bank agonising over whether to keep your triple A-rated covered bonds as part of your liquidity buffer or send them to the European Central Bank? Not sure what to do with your AA-rated non-financial euro corporate debt?

Then you need this handy table from BofAML’s structured finance guru, Alexander Batchvarov. Read more

Banks, Here’s your new liquidity regime. Now stop blaming us. Love, Basel

The Basel Committee on Banking Supervision has finalised rules for bank liquidity. Some of the changes had been anticipated in recent weeks, particularly after the US banks ramped up their lobbying efforts. That said, they’re still quite a big departure from the 2010 draft rules, especially on what qualifies as a high quality liquid asset.

The complete set of changes is on the BIS website, but here are some highlights. Read more

Brussels, not Basel

Also: why ‘maximum harmonisation’ might end up getting someone’s Vickers in a twist.

An odd bump in Lloyds and Barclays on Monday: Read more

Covered bonds as the new sovereigns

Non-German readers won’t be able to read this article by a representative of the German finance ministry (except, perhaps, through the magic of Google Translate).

But we can summarise it for you. Read more

UK eyes £2bn Chunnel link sale

The UK government aims to kickstart a round of crucial asset sales with the auction of the Channel Tunnel rail link, used by Eurostar for its London-Paris route, for an estimated £2bn, reports Reuters, citing the Independent on Sunday. The Department for Transport and rail link owner LCR plan to provide potential bidders a sales document ahead of the UK’s emergency budget on June 22, the newspaper said.