BBA, ISDA and the Global Financial Markets Association have responded to the Basel Committee's consultations on strengthening global capital and liquidity regulations. Their key comments mirror the observations in the response to the Commission (see above), but the response also addresses issues specific to liquidity, specifically on calibration of the Liquidity Coverage and Net Stable Funding ratios. (Source: Joint trade associations' response to the Basel Committee on Banking Supervision consultative proposals to strengthen global capital and liquidity regulations, BCBS 164 and 165 issued on 17 December 2009)