high-quality liquid asset

(2)For purposes of the final rule entitled “Liquidity Coverage Ratio: Liquidity Risk Measurement Standards” (()), the final rule entitled “Liquidity Coverage Ratio: Treatment of U.S. Municipal Securities as High-Quality Liquid Assets” (()), and any other regulation that incorporates a definition of the term “high-quality liquid asset” or another substantially similar term, the appropriate Federal banking agencies shall treat a municipal obligation as a high-quality liquid asset that is a level 2B liquid asset if that obligation is, as of the date of calculation— (A)liquid and readily-marketable; and (B)investment grade.

Source

12 USC § 1828(aa)(2)


Scoping language

None: Default is title Scope
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