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Keith Noreika Quoted in Risk.net on Resolution Liquidity Guidance
02.11.20
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Partner Keith Noreika was quoted in a Risk.net article titled, “US banks anticipate fresh guidance on resolution liquidity.” The article discussed the hope that U.S. prudential agencies will soon be providing further guidance and transparency on resolution liquidity adequacy and positioning (RLAP) and execution needs (RLEN). When discussing the likelihood of a potential review and change to the RLEN and RLAP guidance, Keith said, “you’re seeing potential unintended side-effects of the high liquidity requirements for banks, certainly through the LCR and also through the RLAP process of having to have liquidity in material entities. I think the governors are well aware of it, and it is something we’re going to see them looking at in the spring.”
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