Question: a. Explain the changes made to Basel regulatory requirements relating to liquidity (NSFR and LCR) following the global financial crisis of 2007-8. b. Discuss the

a. Explain the changes made to Basel regulatory requirements relating to liquidity (NSFR and LCR) following the global financial crisis of 2007-8.

b. Discuss the extent to which NSFR and LCR and other regulatory changes have protected the financial system during the current Covid-19 related crisis.

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