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It looks like the rule starts Monday. But the rules didn’t just change — it has been coming for quite some time. And some banks and countries have already been positioning for it.
It’s possible they can no longer short gold and silver, and must start acquiring them. And start closing paper positions. Possibly closing client positions, but many will be closed with paper dollars. They may have a year to fully implement.
That basically the world banking system is being converted to being backed by real assets, gold and silver. Not US dollars and US treasury notes. That this is the Great Reset. Of course, I don’t understand the details.
I wonder if some of those videos about each of the big banks means some are going to try to implement over a much shorter time period – 1-3 months.
I found this:
The Net Stable Funding Ratio (NSFR) is a Basel III banking regulation requiring large financial institutions to maintain a stable funding profile for their assets and off-balance sheet activities over a one-year horizon…
Apparently, it may, actually most likely will, tighten credit markets.