Nov 25 (Reuters) - Norway’s Finance Ministry says: * Has on Wednesday made decision on rules for liquidity coverage ratios (LCR) in banks, in accordance with EU regulation on bank capital * LCR demand requires a liquidity reserve of at least 100 percent at all times, so that holding of liquid assets must correspond to net liquidity outflow in a given stress period of 30 days * Norway’s three systemically important banks, DNB, Nordea and Kommunalbanken, must meet demand for 100 pct LCR from the end of 2015 * Other banks must have 70 pct LCR by end-2015, 80 pct by end-2016 and 100 pct by end-2017 Further company coverage: (Reporting By Terje Solsvik)
The Norwegian regulator has updated its rules mandating banks' liquidity coverage ratios (LCR), in accordance with EU law. With the new requirements, the nation's three largest banks, DNB, Nordea, and Kommunalbanken, must hold a liquidity reserve of 100% at all times, so that holding of liquid assets must correspond to net liquidity outflow in a given stress period of 30 days; these banks must be compliant from the end of 2015.