New products include products or services being offered to, or activities being conducted for the first time in, a new market or to a new category of customers or counterparties. For example, a product traditionally marketed to institutional customers that is being rolled out to retail customers (hedge funds, for instance) generally should be reviewed as a new product.
The universal and commercial banks’ solo LCR of 171.4 percent as of end-March 2020 was above the regulatory minimum of 100 percent. The minimum liquidity ratios (MLRs) of stand-alone thrift banks, rural banks, and cooperative banks surpassed the 20 percent minimum.