28 March 2014

EBA（欧州銀行機構）、流動性規制に関する技術的基準案を公表

The final draft ITS on currencies for which the justified demand for liquid assets exceeds their availability aim at drawing a list of currencies that have constraints on the availability of liquid assets. The list has been compiled on the basis of data gathered by EU Member States. In particular, the data collection has been completed for two currencies: the Norwegian krone (NOK) and the Danish krone (DKK). This list of currencies with constraints will be revised once a final definition of liquid assets is available at EU level.

The final draft RTS on derogations for eligible currencies aim at specifying the derogations that could be applied to those currencies facing constraints on the availability of liquid assets. These standards aim at addressing the inherent difficulties that institutions would face in meeting their liquidity coverage requirement even in spite of a sound liquidity management. Although the RTS try to discourage, to the extent possible, the use of derogations, these may have to be applied in those circumstances where an institution can prove that, despite all mitigating actions undertaken, the need for liquid assets remains. Institutions willing to apply such derogations will, amongst other conditions, have to notify competent authorities and provide detailed information 30 days prior to the initial use of the derogation.

The final draft ITS on currencies with an extremely narrow definition of central bank eligibility aim at drawing a list of currencies in which only central government debt or debt issued by the central bank is eligible as collateral for standard liquidity operations at the central bank. Based on this definition, as well as on the information provided by Member States, only the Bulgarian lev (BGN) appears to have extremely narrow central bank eligibility.

ITS on currencies with liquid assets shortage

ITS on extremely narrow CB eligibility

RTS on derogations for currencies with constraints

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