In addition, the proposed rule’s transition period is shorter than that in the Basel Committee standard. The proposed accelerated phase-in of the U.S. LCR reflects our objective that large U.S. banking firms maintain the improved liquidity positions that they built following the financial crisis, in part BIS central bankers’ speeches  1  due to our supervisory oversight.
We believe the proposed LCR should help ensure that these improved liquidity positions will not weaken as memories of the financial crisis fade.