Goldman Sachs Surpasses Liquidity Minimum Under Fed PlanMichael J. Moore
Goldman Sachs Group Inc.’s liquidity coverage ratio, a measure of its ability to survive a credit-market freeze, surpasses the minimum proposed by the Federal Reserve last month, said Treasurer Liz Beshel Robinson.
Goldman Sachs would top the minimum even under the Fed’s proposed stricter guidelines and therefore wouldn’t be affected by a shorter timeline than international banks may face, Robinson said today on a conference-call with fixed-income investors.
The Fed last month proposed rules to require the biggest banks to hold 30 days of easy-to-sell assets to make the companies safer in the event of a credit crisis like the one in 2008. The plan had a shorter timeline than non-U.S. banks will face and was more restrictive in what U.S. banks can include among their assets.