The proposed changes and their timing include:
- new governance and framework requirements
- the 30 day Liquidity Coverage Ratio (LCR) to address an acute stress scenario and be met continuously as from January 2015
- the 12 months Net Stable Funding Ratio (NSFR) from January 2018
- a 15 months going concern scenario to address forecast funding needs.
- less complex ADIs will not be subject to the LCR & NSFR requirements.