Basel Framework: LCR10.9 -> LCR30.29

LCR10.9 cites LCR30.29 for the single reporting currency requirement, but that requirement sits in LCR30.27; LCR30.29 covers HQLA diversification.

Consequence

Position: Reader following the reference to determine reporting-currency rule Reading a: LCR30.29 -> finds only diversification of HQLA within asset classes, no currency rule Reading b: LCR30.27 -> single reporting currency, monitoring by currency Difference: reference resolves to different content

Proposed correction

Clarify or correct the cited passage so that the rule and its references give one result for the stated case.

Issued by

Basel Committee on Banking Supervision

Act

Basel Framework LCR10 (in force 2019-12-15, published 2019-12-15)

Place

LCR10.9 -> LCR30.29

Record

Discrepancy

Class

Text of the act

Where it arose

The text of the act

Arxo's conclusion

Confirmed

Official text

Unchanged at last check

Last checked

2026-10-31

Evidence

Contradiction within the text. Quotations are verbatim from the official material; translations are ours and marked.

As outlined in LCR30.29, while the LCR must be met on a consolidated basis and reported in a common currency

While the LCR must be met and reported in a single currency, banks should be able to meet their liquidity needs in each currency

How to check it without Arxo's tools

1. Open Basel Framework LCR10 (in force 2019-12-15, published 2019-12-15) and find LCR10.9 -> LCR30.29. Compare the text with the quotation above. A copy is kept in this register: 1e0208180e3cf973-LCR10@2019-12-15~2019-12-15.txt (SHA-256 1e0208180e3cf973a12cabd9a0b7b4436483893831a4bd1b3fa93fee07126b93, copy of the official file).
2. Open Basel Framework LCR30 (in force 2019-12-15, published 2020-06-05) and find LCR30.27. Compare the text with the quotation above. A copy is kept in this register: 4236826ef5f62965-LCR30@2019-12-15~2020-06-05.txt (SHA-256 4236826ef5f62965ab62214f7a7df161dba95ef7e447610f4843989e713999fa, copy of the official file).
3. The finding holds if the quoted passages read as shown and the comparison gives the result stated at the top of this page. If it does not, write to us with the record ID.

How this finding was made

AI models read the texts, built the examples and reviewed the findings.

Responsible institutions

• Basel Committee on Banking Supervision — maintains the Basel Framework

Reported to

Responses

No response recorded.

History

1. 2026-10-31Confirmed by Arxo
2. 2026-10-31Entered in the register
3. 2026-10-31Reported to Basel Committee on Banking Supervision (e-mail)

Cite this record

Arxo Law, Arxo Findings Register, ARXO-2026-0378, https://arxo.io/findings/ARXO-2026-0378/ (status as of 2026-10-31). Data: ARXO-2026-0378.json.