Bank of Jamaica pushes banks to meet full LCR this year

Jamaica

The Bank of Jamaica (BoJ) is set to test banks’ liquidity this year, as it prepares to complete implementation of Basel Committee on Banking Supervision liquidity rules, it announced in its annual report for 2018.

“Of note, one aspect of the Basel III liquidity management framework – the Liquidity Coverage Ratio (LCR) – will be expedited for full implementation during 2019,” the central bank said.

The central bank will test banks against the LCR, which measures banks’ ability to withstand

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