The banking sector’s demand for liquidity grows. The 100% coefficient has been determined and commercial banks are obliged to protect it starting September 1.
Modified prudence norm calls for maintaining corresponding liquid assets on short-term obligations.
Under the applied regulations, correlation of a bank’s liquid resources in relation to liabilities must be 30%, while under the new regulations, the financial institution is entitled to determine the outflow coefficient itself, the volume of outflow of retail and corporate deposits (term, demand, current accounts).
Moreover, based on the world’s best practice, 3% coefficient of correlation of risk position towards the capital is also introduced.
Based on Basel Committee recommendations, NBG is working on determination of additional requirements for first and second capital instruments.