Recent banking turmoil exposed flaws in liquidity rules, say regulators

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Financial Times 3d ago

Recent banking turmoil exposed flaws in liquidity rules, say regulators - Financial Times

Quick Summary:

Even though many of the banks hit hardest were not subject to global rules, the regulators said “the turmoil raised questions about the design and calibration of the Basel III liquidity standards”.

Sources: BCBS; FRB, SNB Financial Stability Report, NAO, Rose, Zeissler et al.“All of the distressed banks during the 2023 banking turmoil experienced a series of liquidity shocks,” the committee said.

The bank turned out to be unable to sell many assets it had identified to cover this requirement either because they were reserved for other purposes, such as daily liquidity needs, or because they were difficult to transfer to the entity where they were needed.