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On September 3, 2014, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation issued a final rule that implements a quantitative liquidity requirement consistent with the liquidity coverage ratio (LCR) standard established by the Basel Committee on Banking Supervision (BCBS). The requirement is designed to promote the short-term resilience of the liquidity risk profile of large and internationally active banking organizations, thereby improving the banking sector’s ability to absorb shocks arising from financial and economic stress, and to further improve the measurement and management of liquidity risk.
The OCC is posting the below information that may be helpful for banks for purposes of compliance with the final LCR rule:
Final Interagency Policy Statement on Funding and Liquidity Risk Management
Interagency Advisory on Interest Rate Risk Management
Risk Management and Lessons Learned (OCC 2009-15)
Requests under 716(f) of the Dodd-Frank Act