BoE may impose extra liquidity charges, says regulator

Bank of England
Bank of England, London

UK banks could face an additional surcharge for liquidity risk that goes beyond the standards laid out by the Basel Committee on Banking Supervision, said David Rule, executive director for prudential policy at the Bank of England (BoE), speaking at an event on September 30.

Rule’s comments came at the Liquidity and Funding Risk conference in London, where he gave an update on Basel III implementation, including the liquidity coverage ratio (LCR). The LCR is due to take effect in the European

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