Bankowość · 31/08/2018

US Agencies Issue Rule to Treat Municipal Bonds as High-Quality Liquid Assets

The Office of the Comptroller of the Currency (OCC), the Federal Reserve Board, and the Federal Deposit Insurance Corporation (FDIC) are jointly issuing a rule that amends their liquidity coverage ratio (LCR) rule to include investment-grade municipal bonds as high-quality liquid assets (HQLA), effective as of a future date to be determined.