While higher levels and quality of capital can mitigate some of this risk, it was widely agreed that quantitative liquidity requirements should be developed. The Basel Committee generated two liquidity standards: one, a Liquidity Coverage Ratio (LCR) with a 30-day time horizon; the  BIS central bankers’ speeches  3  other, a Net Stable Funding Ratio (NSFR) with a one-year time horizon.
Let me conclude with these words of our Quaid, and I quote “Let us on this day, humbly thank God for his bounty and pray that we might be able to prove that we are worthy of it.” Happy Independence Day! Thank you Pakistan Paindabad  2  BIS central bankers’ speeches