• Basel III - Amendments to the Liquidity Coverage Ratio
  • March 26, 2013 | Authors: Francesca Guolo; Andrew Lahey; Lisa Mantello
  • Law Firm: Goodmans LLP - Toronto - Toronto Office
  • On January 6, 2013, the Group of Governors and Heads of Supervision (the “GHOS”), which oversees the Basel Committee on Banking Supervision (the “Basel Committee”), announced it would be amending the Basel III liquidity coverage ratio (the “LCR”). In connection with the announcement, Mervyn King, chairman of the GHOS and governor of the Bank of England, stated that for the first time in regulatory history, there will be a truly global minimum standard for bank liquidity.