RBC calls for ‘realism’ on LCR definitions
Isda AGM: Enforcing early compliance with the LCR will put Canadian banks at a competitive disadvantage, the chief financial officer of RBC has claimed
A senior executive at the Royal Bank of Canada has called on global regulators to clarify and co-ordinate their definitions of liquidity, as firms prepare to implement Basel III's liquidity coverage ratio (LCR).
Giving the keynote speech at this year's International Swaps and Derivatives Association annual general meeting in Montreal, Canada, Janice Fukakusa, chief administrative officer and chief financial officer at Royal Bank of Canada, said global regulators ought to universally agree on the
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