Director of Ceremonies, it is now public knowledge that the introduction of a low- cost basic retail bank account by all commercial banks is a reality since  BIS central bankers’ speeches  1  November 2012.
One way is the categorisation of assets into liquid and illiquid assets for the numerator of the liquidity coverage ratio. The currently foreseen regulation includes cash, central bank deposits, and high-quality government securities in the “liquid assets” category. Corporate and covered bonds are included with a haircut.