Posts Tagged ‘
LCRs ’
Oct 17th, 2014
The LCR Delegated Act from the European Commission is finally out. No, really, it is! Seriously, we are talking about the real thing, not just another leaked document but the final version, the one that will be relevant in the real world and not only talked about in Brussels and a number of European capitals.
Posted in From Crédit Agricole CIB
Tags: Basel III, covered bonds, LCRs
Oct 17th, 2014
Covered bonds’ anticipated favourable treatment in the Liquidity Coverage Requirement was confirmed by the European Commission on Friday, with the highest rated covered bonds eligible for up to 70% of liquidity buffers as Level 1 assets and others in Level 2A or 2B.
Posted in Industry Moves
Tags: Basel III, covered bonds, Danish, Denmark, European Commission, LCRs
Sep 19th, 2014
The completion of the Liquidity Coverage Ratio (LCR) rules among various countries is proceeding, with the US releasing its final policy. On the euro front, another document was leaked, with most parameters remaining the same.
Posted in From Crédit Agricole CIB
Tags: Basel III, covered bonds, CRD IV, LCRs, US
May 16th, 2014
A leaked document by European Commission staff circulating this week confirms statements from two Danish ministries last Friday that certain large, highly rated covered bonds will be eligible as Level 1 assets for Liquidity Coverage Ratio purposes, albeit with an overall cap of 70% and a haircut of 7%.
Posted in Industry Moves
Tags: LCR, LCRs, Liquidity Coverage Ratio
May 8th, 2014
The EC is steering toward keeping covered bonds as Level 2 assets for LCR purposes but allowing them to make up a larger share, according to sources, and an EC spokesperson said “talks are progressing well” about a solution addressing Danish concerns.
Posted in Industry Moves
Tags: Basel III, Denmark, LCR, LCRs, Liquidity Coverage Ratio
Jan 23rd, 2014
Danish mortgage banks have begun announcing their plans for the forthcoming auction season of more than Dkr200bn (Eu26.8bn) of ARMs bond sales, while Danish MPs launched the latest salvo in the ongoing battle for covered bonds to be included as Level 1 assets in LCRs.
Posted in Denmark
Tags: ARMs, auctions, Barnier, Denmark, EBA, EC, European Banking Authority, LCRs, Liquidity Coverage Ratio
Oct 24th, 2013
Covered bonds are virtually as liquid as government bonds, according to a “very preliminary” draft ranking released by the European Banking Authority yesterday (Wednesday), which market participants have said puts the asset class in a strong position to be considered as Level 1 assets in Liquidity Coverage Ratios.
Posted in Industry Moves
Tags: Basel III, CRD, CRR, EBA, LCRs
Oct 12th, 2012
Covered bonds should count as Level 1 assets under CRD IV, the ECBC argued in a position paper released on Monday, with this treatment particularly important for domestic covered bonds in Denmark as it would otherwise be “simply impossible” for the country’s financial institutions to fulfil LCR requirements.
Posted in Denmark
Tags: Basel III, covered, CRD IV, Danish, Denmark, ECBC, LCRs