As we have seen, these are important ways in which well-calibrated LCR and NSFR can serve to enhance liquidity and preserve access to stable sources of funding. However, despite some initial empirical work and theoretical studies, neither the LCR nor NSFR has been implemented within the context of an operational supervisory framework yet.
This both highlights and elevates the need for further quantitative impact analyses and related studies in order to ensure that, from a financial stability perspective, there is a reasonable and justifiable calibration underlying the LCR and NSFR for supervisory frameworks.