Since 2007, Basel III has been largely implemented, ensuring that banks have sufficient
capital and liquidity reserves to cover troubled times. But the work is not yet over.
January 1st 2015 was the deadline date for the adoption of the key liquidity measures
set out by the Basel Committee on Banking Supervision (BCBS) in 2013.
Back at SIBOS in 2008, some bankers were called home, advised by their employers
that their credit and debit cards might not be good for anything. You could debate the
cause of the credit crunch, but the fall of Lehman Brothers heralded a liquidity crisis,
which, in turn, revealed a capital one.
This edition of The SEPA Consultancy newsletter concentrates entirely on liquidity management