Finance Norway’s response to EBA consultation on Amending ITS on currencies with constraints on the availability of liquid assets (EBA/CP/2021/29)
Finance Norway welcomes the opportunity to offer our response to the consultation paper on Amending Implementing Technical Standards on currencies with constraints on the availability of liquid assets in accordance with Regulation (EU) No 575/2013. See our response below.
The need to update the ITS stems from EBA being tasked to amend the existing
Regulatory Technical Standards specifying the use of derogations to the LCR for
currencies with constraints. Norwegian krone (NOK) is currently the only currency
on the list of such currencies.