Cleary Gottlieb

International Top 30 position: 13
Asia-Pacific International 50 rank: 37

Revisions to liquidity coverage ratio expected to reduce burden on banking organisations

On 7 January 2013, the Basel Committee on Banking Supervision (BCBS) released highly anticipated revised rules (the 2013 Rules) governing the Liquidity Coverage Ratio (the LCR) included in the Basel III framework finalized in December 2010 (the 2010 Proposal). The LCR is intended to improve short-term resilience to liquidity risk by requiring banking organisations to hold high-quality liquid assets (HQLA) that can be quickly and easily monetised to cover their liquidity needs over a 30-day liquidity stress scenario.

Click on the link above to download this Cleary Gottlieb briefing.

Analysis from The Lawyer

  • Bale

    Summer Round-up: Deals, booted

    Footie and telecoms dominate our regular round-up of recent M&A activity, as the threat of rising interest rates kick-started activity among organisations.


City Place House
55 Basinghall St

Firmwide revenue 2011 ($m): 1,125
Global lawyers 2011: 1,183
No. of lawyers (Asia Pacific): 55
Offices (Asia Pacific): 3