“The Basel Committee on Banking Supervision today issued frequently asked questions (FAQs) on Basel III’s liquidity coverage ratio (LCR). To promote consistent global implementation of those requirements, the Committee has agreed to periodically review frequently asked questions and publish answers along with any technical elaboration of the rules text and interpretative guidance that may be necessary. The Committee has received a number of interpretation questions related to the January 2013 publication of the LCR standard. The FAQs published today correspond to the text set out in that standard.”