Legal entity identifier and Level 2 liquid assets: Difference between pages

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(LEI).
''Bank regulation - liquidity''


Legal Entity Identifier is a unique identity reference number allocated to a company in accordance with an internationally agreed standard administered by the Regulatory Oversight Committee (ROC) of the Global Legal Entity Identifier System (GLEIS).
Level 2 liquid assets are those of lower liquidity quality, compared with Level 1.




The ROC is a stand-alone committee established by the international Financial Stability Board (FSB) and endorsed by the Group of 20 (G-20) nations.
Level 2 liquid assets include certain qualifying high quality corporate obligations.


It held its inaugural meeting in January 2013.
They can be included - in part - in the calculation of a regulated bank's High Quality Liquid Assets (HQLAs), but subject to haircuts.


The ROC in turn has authorised Local Operating Units (LOU) which generate and issue the LEIs.
The size of the % haircut depends on the liquidity quality, according to a fixed scale from 15% to 50%.




== See also ==
== See also ==
* [[EMIR]]
* [[Haircut]]
* [[Financial Stability Board]]
* [[High Quality Liquid Assets]] (HQLAs)
* [[LEI ROC]]
* [[Level 1 liquid assets]]
* [[Level 2A liquid assets]]
* [[Level 2B liquid assets]]
* [[Liquid]]
* [[Liquidity ]]
* [[Liquidity buffer]]


 
[[Category:Accounting,_tax_and_regulation]]
===Other links===
[[Category:The_business_context]]
[http://www.treasurers.org/node/10043 Technical Briefing, The Treasurer, April 2014]
[[Category:Identify_and_assess_risks]]
 
[[Category:Manage_risks]]
[http://www.leiroc.org/ LEI ROC website]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Financial_products_and_markets]]

Latest revision as of 08:07, 4 May 2022

Bank regulation - liquidity

Level 2 liquid assets are those of lower liquidity quality, compared with Level 1.


Level 2 liquid assets include certain qualifying high quality corporate obligations.

They can be included - in part - in the calculation of a regulated bank's High Quality Liquid Assets (HQLAs), but subject to haircuts.

The size of the % haircut depends on the liquidity quality, according to a fixed scale from 15% to 50%.


See also