Banks operating in Chile will have to conduct stress tests and develop a contingency plan in case of a liquidity shortage under new rules issued yesterday by the country's central bank.
The financial institutions will also have to report their liquidity coverage ratio (LCR) and net stable funding ratio (NSFR) as the Central Bank of Chile moves towards the liquidity standards set out in Basel III.
From August 1, banks will have to adopt and implement a liquidity management policy that "should ful
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