An alternate view is that since the Reserve Bank is expected to provide liquidity against these securities under stressed conditions as part of its lender of last resort (LoLR) obligation, at least a pre-specified portion of these securities should be taken into account for assessing compliance with Basel III’s Liquidity Standards. The Reserve Bank will take a view on this in due course. 37.
One of the oars is in the hands of the regulator and the other is in the hands of the market participants. Let’s row in the same direction, so that we all move forward with confidence and success. Thank you. I wish you all a fruitful conference.