The Clearing House Association released a report on the Basel III Net Stable Funding Ratio (NSFR), Assessing the Basel III Net Stable Funding Ratio in the Context of Recent Improvements in Longer-Term Bank Liquidity. The TCH report finds that the U.S. commercial banking industry has made significant improvements in liquidity since 2010, but that the current Basel III NSFR does not adequately reflect these objective improvements. In addition to providing a quantitative assessment of the U.S. commercial banking industry’s NSFR, the report also includes analysis and qualitative recommendations that would make the NSFR more reflective of the industry’s actual liquidity profile and minimize the potential negative impacts on consumers, businesses, and the economy as a whole, both in the U.S. and internationally.