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The Basel Committee has developed the Liquidity Coverage Ratio to promote the short-term resilience of the liquidity risk profile of banks by ensuring that they have sufficient High Quality Liquid Assets to survive a significant stress scenario lasting 30 calendar days. The Liquidity Coverage Ratio will be introduced as planned on 1 January 2015, but the minimum requirement will be set at 60% and rise in equal annual steps to reach 100% on 1 January 2019.  This graduated approach, coupled with the revisions made to the 2010 publication of the liquidity standards, are designed to ensure that the LCR can be introduced without material disruption to the orderly strengthening of banking systems or the ongoing financing of economic activity.