Questions and Answers on the Liquidity Coverage Ratio

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Debevoise & Plimpton

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Questions And Answers On The Liquidity Coverage Ratio

On September 3, the Board of Governors of the Federal Reserve (the“Federal Reserve”), the Federal Deposit Insurance Corporation (the “FDIC”) and the Office of the Comptroller of the Currency (the “OCC”) (collectively, the “Agencies”), released a final rule that applies a Liquidity Coverage Ratio (the “LCR”) to certain U.S. banking organizations (the “Final Rule”). The rule finalizes a proposal published by the Agencies on October 24, 2013 (the “Proposed Rule”), and includes a number of substantive and technical changes.