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New rules on banks’ liquidity risk
Print Edition
The China Banking Regulatory Commission yesterday announced new measures on liquidity risk in commercial banks, targeting 100 percent Liquidity Coverage Ratio by the end of 2018.
The CBRC urged commercial banks to identify, measure, monitor and control liquidity risk in all business, and to assure 60 percent LCR by the end of this year, as well as an annual growth of 10 percentage points before 2018.
LCR requires a bank to possess sufficient high-quality liquid assets to cover its liquidity demand over 30 days.
A severe cash crunch hit China last June, when the Shanghai Interbank Offered Rate, a basic gauge of interbank borrowing costs, hit a record high of more than 13 percent.
The central bank then started reverse repurchase in its regular open market operations to boost liquidity.
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