EBA no longer considers NOK to have constraints on the availability of liquid assets for the LCR

2022/01/26

The European Banking Authority (EBA) published its final report on amendments to the implementing technical standards (ITS) on currencies with constraints on the availability of liquid assets in the context of the liquidity coverage ratio (LCR). The proposed amendments remove the only currency on the current list of those having constraints on the availability of liquid assets, the Norwegian Krone (NOK), to reflect changes in the supply of and demand for NOK-denominated liquid assets. Thus, no currencies will be considered to have constraints on the availability of liquid assets.