1 In broad terms, the data that we have in hand indicate that economic activity turned up in the third quarter. To some extent, the pickup in activity in recent months reflects the dissipation of some of the forces that had been exerting downward pressure on the economy during the preceding several quarters.
981, covers guidelines on liquidity risk management, including intraday liquidity. Next in the pipeline are amendments to the LCR standard and issuance of the complementary Minimum Liquidity Ratio (MLR), a simplified version of the LCR requirement for less complex financial institutions. Third, we will issue guidelines implementing the Net Stable Funding Ratio (NSFR) standard to ensure that banks have adequate long-term stable funding.