The European Banking Federation is urging EU policymakers to exclude from legislation ratios for liquidity coverage and net stable funding as outlined by the Basel Committee on Banking Supervision. "The liquidity proposals set out by the Basel Committee are extremely conservative, and their impact on European banks and the wider economy has not been fully tested," said Wilfried Wilms, the EBF's senior adviser on banking supervision. "We are not challenging the need for liquidity buffers -- we have been pushing for more effort to be made in this area for a number of years. We just want to see it done properly."

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