On 18 March 2009, the Committee of European Banking Supervisors (CEBS) published an interim report on liquidity buffers as a follow-up to its publication of 30 Recommendations on liquidity risk management which were contained in the second part of its technical advice on liquidity risk management.
The CEBS has now postponed its public hearing on liquidity buffers, originally scheduled for 1 July 2009, to 22 September 2009.
The CEBS states that it plans to launch a public consultation on draft guidelines on the appropriate size and composition of liquidity buffers in order to enable credit institutions to withstand a liquidity stress for a period of at least one month without changing their business models. The CEBS intends to publish a consultation paper in early July 2009 and this should be read as a follow up to its 30 Recommendations on liquidity risk management, particularly Recommendation 16.
View CEBS postpones its public hearing on liquidity buffers to 22 September 2009, 23 June 2009