OpenLegislation

Division 11

United Kingdom

Original text. Later amendments are not shown.

[Liquidity/Funding]

By the end of 2016 and 2017 respectively, OpCo will adhere to the following liquidity ratios:

  1. (a)

    Net Stable Funding Ratio (NSFR) and Liquidity Coverage Ratio (LCR) of […] to […] %. The calculation will be carried out on the basis of the definitions published at the time by the Basel Committee on Banking Supervision;

  2. (b)

    the share of the core bank's USD business that is refinanced by means of original USD funding (and not by swaps) will develop as follows from 2016 to 2017: at least 55 % by the end of 2016 and 2017 respectively.