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. In a statement on Wednesday, the European Commission said it was "concerned" about Norway's decision to increase LCR requirements for banks from €100 million ($125 million) to €200 million.