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Israel asks banks about impact of new liquidity rules 

February 10, 2014
Jonathan Standing, Reuters

Israel's banking regulator on Sunday asked the country's banks to provide details on how they can comply with a liquidity requirement that is part of new global rules to strengthen banks after the financial crisis.

Israel plans to implement gradually the liquidity coverage rule in 2015 that aims to ensure banks have enough assets that can be converted quickly into cash. This will reflect the amount of liquid assets a bank must hold relative to its total forecast liquidity needs over the next 30 days under a stress scenario.

"Although the banking system in Israel displayed resilience during the recent global crisis, we have to be smart enough to learn from the lessons of the crisis, so that the banking system will continue meeting the top international standards," Supervisor of Banks David Zaken said.

Read more: Reuters

 
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