Those institutions below the 75% minimum requirement will be provided with adequate time to increase their CFR back to minimum levels. 7  remain appropriate, and expect to announce the future treatment of mortgage deferrals soon. Taken together – and without being too self-congratulatory – these initiatives have had a significant impact on supporting the short-term financial needs of households and businesses.
It is therefore crucial that the final result of our current negotiations will be regionally balanced and does not undermine the risk-oriented approach of the Basel framework. The Committee was not able to reach such an agreement yet. We will continue our negotiations with the goal of ending regulatory uncertainty as soon as possible.