British Bankers' Association

The method as outlined in this paper is acceptable.
In this instance the assumptions made are reasonable. However, should this be needed to review other countries in the future, there may need to be some changes made to these assumptions depending on the economic situation at the time, and any individual characteristics of the country being assessed.
We agree that 110% is a reasonable target for the overall liquidity coverage requirement, but this should not be applied to individual currencies, as there will be some cases where this will not realistically be possible.
Yes, we agree with the general approach and results.
We have no comments on this question.
Robert Driver
B