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    Central Bank of Bahamas Consults on Liquidity Reforms Under Basel III

    December 24, 2018

    The Central Bank of Bahamas proposed to implement liquidity coverage ratio (LCR) and net stable funding ratio (NSFR) in Bahamas. As part of the consultation process, the Central Bank of Bahamas also published a Liquidity QIS Template. The consultation period will run from December 27, 2018 to February 28, 2019.

    The discussion paper outlines the approach of the Central Bank of Bahamas for implementing the LCR and NSFR frameworks. The proposals detail:

    • What will qualify as High Quality Liquid Assets (HQLA)
    • The calculation and requirements for LCR and NSFR
    • The approach to implementing enhanced liquidity monitoring tools

    The liquidity rules introduced by BCBS provide supervised financial institutions with a credible and comprehensive framework for managing liquidity risks in their day-to-day operations. They allow bank supervisors to monitor liquidity risks in a timely and more effective manner. Although the Basel standard is intended for much more complex banking systems and capital markets, the proposed Bahamian liquidity standards will be much simpler and less costly to comply with. This is in keeping with the Central Bank of Bahamas' intent to develop prudential policies and regulations that balance safety, efficiency, and competitiveness in the Bahamian banking system, while promoting financial system stability.

     

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    Comment Due Date: February 28, 2019

    Keywords: Americas, Bahamas, Banking, Basel III, LCR, NSFR, Liquidity Monitoring Tools, Liquidity Risk, BCBS, Central Bank of Bahamas

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