The Reserve Bank of India
In the final
guidelines on liquidity risk management issued on Wednesday, RBI asked banks to
monitor liquidity frequently and set a liquidity risk tolerance level.
RBI had issued draft
guidelines of liquidity risk management in February and had asked for feedback.
“The Basel-III liquidity standards are currently subject to an observation
period/revision by the BCBS with a view to addressing any unintended
consequences that the standard may have for financial market, credit extension
and economic growth. Therefore, the final guidelines on Basel-III liquidity
framework will be issued once BCBS revises the framework,” RBI said.
RBI has asked banks to
disclose their liquidity information on a regular basis to enable market
participants make sound judgements. RBI has also prescribed method to calculate
liquidity indicators and monitor liquidity position but banks can use their own
calculations as well. “Banks should endeavor to develop a process to quantify
liquidity costs and benefits so that these same may be incorporated in the
internal product pricing, performance measurement and new product approval
process for all material business lines,” RBI said.
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