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Fiona Raistrick, director at the BDO, said: "The Basel Committee must ensure that the liquidity coverage ratio is implemented in a sensible manner which would not destabilise the banks, but should also ensure that the ultimate ratios applied and assumptions over which assets should be included within the relevant definitions of acceptable assets are practical".
"It is possible that the current requirements and the current implementation timetable may cause unnecessary stress; if so, as with the FSA’s UK liquidity regime, the timetable should be re-considered without diluting the impact of the requirements themselves."
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