Bank of Lithuania launches liquidity coverage ratio

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Credit unions in Lithuania will be expected to maintain a sufficient quantity of high-quality liquid assets to withstand adverse shocks, after the Bank of Lithuania decided to impose a liquidity coverage ratio (LCR) effective from January 1, 2013.

In a simplified version of proposals under the international Basel III framework, credit unions will be required to hold enough liquid assets to meet demand for cash for a period of one month without attracting additional cash or selling assets at a lo

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