Large Bank Examination Workshop February 2026

High Quality Liquid Assets (HQLAs)

Fundamental Characteristics: • Low risk

• Ease and certainty of valuation • Low correlation with risky assets • Listed on a developed and recognized exchange • Active and sizable market • Low volatility

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HQLA Level 1 Assets: 0% Haircut

From FR 2052 Instructions

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© Global Financial Markets Institute Inc.

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