The Federal Reserve Board has announced that an open meeting will be held on September 3, 2014, to vote on final regulations implementing the liquidity coverage ratio (LCR) requirement in the United States. Together with the FDIC and the OCC, the Federal Reserve Board had initially proposed LCR regulations in October 2013 that would, among other things, assign a 100 percent outflow amount to any unfunded commitment provided by a U.S. bank to a special purpose entity and would not include ABS or private label MBS as high-quality liquid assets.
Click here to view a copy of the notice of the Federal Reserve Board meeting.
