国际清算银行-重新思考银行的流动性要求（英）-2025.5_10页_525kb

Summary of "Rethinking banks’ liquidity requirements"

The 2023 banking turmoil highlighted the complementary roles of regulatory liquidity requirements (like the LCR) and central bank liquidity support. Despite their relevance, these components are often treated separately, missing opportunities for better integration.

The article proposes a tiered framework with three types of asset eligibility for different liquidity stress scenarios:

• Type 1: High-quality liquid assets (HQLA) for moderate stress.
• Type 2: Additional assets suitable for central bank's standing facilities.
• Type 3: Further assets for emergency liquidity support, including non-HQLA.

This approach uses Pillar 1 and Pillar 2 of banking regulation to create flexible supervisory expectations. The framework encourages prepositioning of eligible assets to ensure rapid access to central bank support during crises.

Integrating central bank facilities weakens the case for stricter LCR requirements. The proposal aims to enhance overall financial system resilience while supporting banks' operational capabilities without burdening sound institutions.