On January 17 the European Commission published a delegated regulation on the liquidity coverage ratio (LCR) in the “Official Journal of the European Union,” and the rules will become binding by October 2015. In December 2015, a further report will set out alternatives to credit ratings with the aim of deleting any reference to them in the LCR in five years. The European Covered Bond Council’s (ECBC) Label initiative could help but may need to be strengthened.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.