high-quality liquid assets
FDF, PR Hearing on revision of Liquidity Ordinance, 2014-01-17 ([Internet, 2024-06-04](https://www.admin.ch/gov/en/start/documentation/media-releases.msg-id-51686.html))
In January 2013, the Basel Committee published the definitive standards for the Liquidity Coverage Ratio (LCR), which determines the liquidity that banks must hold to respond to short-term deteriorations in liquidity. This liquidity may be comprised solely of high-quality liquid assets (HQLA) that can be converted into cash immediately and without major reductions in value in the case of a liquidity stress scenario.