Regulatory Alerts2024-11-25
Added · Updated
OJK Regulation No. 19 of 2024 Amending OJK Regulation No. 42/POJK.03/2015 on Liquidity Coverage Ratio Requirements for Commercial Banks
This regulation amends the Liquidity Coverage Ratio (LCR) requirements for commercial banks by updating definitions, removing Article 5, and refining the composition of High Quality Liquid Assets (HQLA) Level 1 and Level 2B, including specific haircuts and eligibility criteria for asset-backed securities, sovereign debt, corporate debt, and equities. It mandates daily LCR calculations for banks in the Core Capital 1 group (excluding foreign banks) starting December 1, 2024, and requires monthly and quarterly reporting and public disclosure for this group starting December 2024. The regulation also introduces an Internal Liquidity Adequacy Assessment Process (ILAAP) requirement for all banks and updates administrative sanctions for non-compliance.
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