Basel III's Liquidity Coverage Ratio ("LCR") was created to promote short term liquidity resilience for banks over a hypothetical 30 day severe stress scenario. The following podcast with Pepper attorneys Tim McTaggart and Ahmad Hajj focuses on the current Basel III LCR proposal, provides an analysis of the Basel III regulatory weightings for certain products that are anticipated to leave a bank in the LCR's severe stress scenario as well as the specifics of what types of assets qualify as sufficient liquid assets to cover for the flight of such products. The podcast also provides insight into issues U.S. banking regulators may consider in drafting rules for the LCR and the potential impact of the LCR on financial institutions and their funding mechanisms.
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(Running Time: 26:31)
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