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EU banks' liquidity sums distorted by treatment of clearing, payroll, long-term funds, EBA says

( July 12, 2019, 09:24 GMT | Official Statement) -- MLex Summary: EU banks' calculations of whether they are meeting global norms to hold sufficient liquid assets are being distorted by a different treatment of the "operational" funds that are held purely to fulfil services such as clearing or payroll, the European Banking Authority has said. Different definitions of whether account funds must be held for at least one month are also distorting competition, the EBA said.Statement follows. Document attached. ...

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