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Nearly eighteen months after the endorsement of the CRR/CRD IV package, the final rules on the Liquidity Coverage Ratio (the LCR) are now specified since the publication of the Delegated Act in the official Journal of the EU on 17 January 2015. One will remind that the EU co-legislators (the EU Council and the EU Parliament) had delegated to the EU Commission via article 460 of the CRR, the power to elaborate the detailed LCR.
The publication of the Delegated Act concludes an intensive sequence of several months, where the EU Commission has consulted in a very open and transparent manner all the stakeholders involved, e.g. the experts of the EU Member States, the European Banking industry, the European Banking Authority, the EU Parliament, etc.
In...
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