The IACPM is a non-profit organization dedicated to advancing the practice of credit portfolio management.
The IACPM has joined other associations to comment on the notice of proposed rulemaking by the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation, entitled Liquidity Coverage Ratio: Liquidity Risk Measurement, Standards, and Monitoring (the “U.S. Proposal”).
In connection with the international liquidity standards published by the Basel Committee on Banking Supervision Committee, the notice proposes rules that would implement the liquidity coverage ratio for banking organizations that are mandatorily subject to the advanced approaches risk-based capital rules, their respective consolidated subsidiary depository institutions with total consolidated assets greater than $10 billion, and nonbank financial companies designated by the Financial Stability Oversight Council for supervision by the Federal Reserve that do not have substantial insurance activities.
In the comment letter the associations raise concern about the U.S. Proposal's significant deviation from the international liquidity standards published by the Basel Committee on Banking Supervision.