In a newly issued Bulletin, the Office of the Comptroller of the Currency ("OCC") reminded banks of an interim final rule that amends the liquidity coverage ratio ("LCR") rule. The interim final rule became effective on August 31, 2018.
As previously covered, the interim final rule applies to all banks subject to the LCR rule and will treat liquid and readily marketable, investment-grade municipal obligations as high-quality liquid assets.
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