Level 1 liquid assets

Bank regulation - liquidity

Level 1 liquid assets are those of the highest liquidity quality.

Level 1 liquid assets are mostly high quality central government obligations, with a Credit Quality Step (CQS) of 1, and certain other qualifications.

They are eligible for inclusion in the calculation of a bank's High Quality Liquid Assets (HQLAs) either in full, or with only a small haircut.

See also

• Credit Quality Step
• Haircut
• High Quality Liquid Assets
• Level 1A liquid assets
• Level 1B liquid assets
• Level 2 liquid assets
• Liquid
• Liquidity
• Liquidity buffer