The Basel Committee has published a paper providing a set of tools for supervisors to monitor banks’ intraday liquidity. The paper also includes stress scenarios and reporting requirements. Specific tools are provided in respect of correspondent banks and of direct participants in a payments system. Only internationally active banks will be supervised and these must comply with the requirements under the tools, but national authorities can extend their application to any bank within their jurisdiction. Reporting will be monthly, starting on 1 January 2015 to coincide with the reporting of the Liquidity Coverage Ratio. (Source: Monitoring Tools for Intraday Liquidity Management)