BCBS approved a technical amendment on the treatment of extraordinary monetary policy operations in the net stable funding ratio (NSFR). Effective immediately, this amendment to the NSFR standard allows reduced required stable funding factors for central bank claims with a maturity of more than six months, subject to a floor of 5%.
The amendment aims to provide greater flexibility in the treatment of extraordinary central bank liquidity-absorbing monetary policy operations. BCBS proposed the technical amendment in December 2017, the consultation period for which ended on February 05, 2018.
Keywords: International, Banking, Basel III, NSFR, Technical Amendment, BCBS
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