The requirement ensures that large banking organizations maintain buffers of high-quality liquid assets sufficient to meet cash outflows during a 30-day episode of systemic and idiosyncratic liquidity stress. In addition, the Financial Stability Oversight Council has designated four key nonbanking institutions as “systemically important financial institutions,” and these firms are also subject to supervision and regulation by the Federal Reserve.
Then we had many other vicissitudes later on, some related with Greece, some related with other countries, 2015 was also a difficult moment but the beginning and the big shock and the surprise of what could imply was indeed the more difficult moment. Mr Constancio many thanks for being with us. 2/2  BIS central bankers' speeches