BoE issued a statistical notice setting out that the applicable ratio for the next adjustment to cash ratio deposits is due on June 01, 2020 and the data will be published on May 21, 2020 on the BoE website. BoE will issue call notices to cash ratio deposit-payers (which will include this revised cash ratio deposit ratio) shortly thereafter. This ratio will be applied to average eligible liabilities in excess of GBP 600 million over the previous six end-calendar months. The deadline for revisions to eligible liabilities to be reflected in the June adjustment is May 19, 2020.
Cash ratio deposits are non-interest bearing deposits lodged with BoE by eligible institutions (banks and building societies), which have reported average eligible liabilities in excess of GBP 600 million over a six-month calculation period. The level of cash ratio deposit of each institution is calculated twice every year, in May and November.
Related Link: Statistical Notice
Keywords: Europe, UK, Banking, Statistics, Cash Ratio Deposits, Eligible Liabilities, Statistical Notice, BoE
Previous ArticleUS Agencies Announce Changes to CBLR Framework in Light of COVID-19
EBA published a report analyzing the impact of the unwind mechanism of the liquidity coverage ratio (LCR) for a sample of European banks over a three-year period, from the end of 2016 to the first quarter of 2020.
In response to questions from a member of the European Parliament, the ECB President Christine Lagarde issued a letter clarifying the possibility of amending the AnaCredit Regulation and making targeted longer-term refinancing operations (TLTROs) dependent on the climate-related impact of bank loans.
IASB started the post-implementation review of the classification and measurement requirements in IFRS 9 on financial instruments and added the review as a project to its work plan.
FSB published a report that examines progress in implementing policy measures to enhance the resolvability of systemically important financial institutions.
EBA published a report on the benchmarking of national loan enforcement frameworks across 27 EU member states, in response to the call for advice from EC.
FSB published a letter from its Chair Randal K. Quarles, along with two reports exploring various aspects of the market turmoil resulting from the COVID-19 event.
RBNZ launched a consultation on the details for implementing the final Capital Review decisions announced in December 2019.
The Trustees of the IFRS Foundation, which are responsible for the governance and oversight of IASB, have announced the appointment of Dr. Andreas Barckow as the IASB Chair, effective July 2021.
HKMA issued a letter to consult the banking industry on a full set of proposed draft amendments to the Banking (Capital) Rules for implementing the Basel standard on capital requirements for banks’ equity investments in funds in Hong Kong.
ESRB published an opinion assessing the decision of Swedish Financial Supervisory Authority (FSA) to extend the application period of a stricter measure for residential mortgage lending, in accordance with Article 458 of the Capital Requirements Regulation (CRR).