The Committee today released its first technical amendment, which is related to the treatment of extraordinary monetary policy operations in the Net Stable Funding Ratio. To provide greater flexibility in the treatment of extraordinary central bank liquidity-absorbing monetary policy operations, the technical amendment proposes to allow for reduced required stable funding factors for central bank claims with maturity of more than 6 months.

Technical amendments are defined as changes in standards that are not substantial in nature but that cannot be unambiguously resolved based on the current text.

The Committee invites comments on the proposed amendment by 5 February 2018. All comments will be published on the website of the Bank for International Settlements unless a respondent specifically requests confidential treatment.

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