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5/21/18 - Katheryn Van der Celen on Potential NSFR Amendments

Promontory Director Katheryn Van der Celen, who is a former member of the Basel Committee on Banking Supervision’s working group on liquidity, was quoted in a Risk.net article about potential amendments to the final rule for the net stable funding ratio.

The Basel Committee is reviewing the 20% required stable funding add-on for gross derivatives liabilities. In the meantime, it has allowed regulators the discretion to select a 5% calibration.

The Federal Reserve’s final rule “could deviate from [its] original proposal” as a result, said Van der Celen. “I would expect the final rule to be no less stringent than the Basel minimum standards.”

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