October 31, 2014 Alert - BCBS Releases Final Net Stable Funding Ratio Standard
Today, the Basel Committee on Banking Supervision (“BCBS”) issued a final standard for the Net Stable Funding Ratio (“NSFR”).

According to the BCBS, the final NSFR standard retains the overall structure of the January 2014 consultative proposals. However, key changes introduced in the final standard include the required stable funding for:

• Short-term exposures to banks and other financial institutions;
• Derivatives exposures; and
• Assets posted as initial margin for derivative contracts.

The NSFR will become a minimum standard by January 1, 2018. The Basel Committee is currently developing disclosure standards for the NSFR and expects to publish them for consultation around year end.

SFIG’s response to the January 2014 consultative proposal can be found here. SFIG’s Regulatory Capital and Liquidity Committee will review the final standard to understand the impact to the securitization industry and will develop a comment letter when U.S. regulators release their proposed NSFR. If you would like to participate, please contact Alyssa.Acevedo@sfindustry.org.
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