Comment deadline on FRB large bank disclosure liquidity rule
The Federal Reserve Board has proposed a rule requiring large banking organizations to publicly disclose several measures of their liquidity profile. These measures will be the first required public disclosure of a quantitative liquidity risk metric for large banking organizations. Under the proposed rule, large banking organizations would be required to disclose their consolidated Liquidity Coverage Ratios (LCRs) each quarter based on averages over the prior quarter. Firms would also be required to disclose their consolidated High-Quality Liquid Asset (HQLA) amounts, broken down by HQLA category. Additionally, firms would be required to disclose their projected net cash outflow amounts, including retail inflows and outflows, derivatives inflows and outflows, and several other measures. Comments on the proposal will be accepted through February 1, 2016.
On Friday, January 29, 2016, the Board announced it is extending the comment period through February 19, 2016.