European Commission 10 October 2014, Commission Delegated Regulation (EU) 2015/61 of 10 October 2014 to supplement Regulation (EU) No 575/2013 of the European Parliament and the Council with regard to liquidity coverage requirement for Credit Institutions Text with EEA relevance

Also known as

Commission Delegated Regulation (EU) 2015/61 of 10 October 2014 supplements Regulation (EU) No 575/2013 by specifying in detail the liquidity coverage requirement for credit institutions, defining the liquidity coverage ratio as the ratio of a credit institution's liquidity buffer to its net liquidity outflows over a 30 calendar day stress period, expressed as a percentage with a minimum level of 100% when fully implemented. The Regulation establishes a tiered classification of liquid assets (Level 1, Level 2A, and Level 2B) with corresponding eligibility criteria, haircuts, and concentration caps, and prescribes detailed outflow and inflow rates for various liability categories and off-balance sheet commitments. The Regulation applies to credit institutions supervised under Directive 2013/36/EU on both an individual and consolidated basis, with phased introduction commencing at 60% from 1 October 2015 and reaching 100% from 1 January 2018.AI