CapLaw-2012-56

Liquidity Ordinance: In late November 2012, the Federal Council adopted the liquidity ordinance which transforms the Basel III liquidity requirements into Swiss law. It establishes the basis for the introduction of a liquidity coverage ratio (LCR) by 2015 and a net stable funding ratio (NSFR) by 2018 for all Swiss banks. These principles already apply to the two big…