Final liquidity rules issued for biggest US banks

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US regulators, including the Federal Reserve, have finalised the country's first standardised minimum liquidity requirement for the country's biggest banks.

The liquidity coverage ratio (LCR) – the ratio of a firm's liquid assets to its projected net cash outflow – will apply to US banks with $250 billion in consolidated assets or $10 billion in on-balance sheet foreign exposure from January 1, 2017, the Fed said yesterday.

It also covers subsidiaries with $10 billion in assets, while a "less st

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