Heh, maybe. Incidentally, he mentions NSFR = Net Stable Funding Ratio
which requires large banks to maintain a minimum level of stable funding, relative to their assets, derivatives, and commitments.

Allocated gold, in tangible form, will essentially be classified as a zero-risk asset under the new rules, but unallocated or “paper” gold, which banks typically deal with the most, won’t — meaning banks holding paper gold must also hold extra reserves against it, said Brien Lundin, editor of Gold Newsletter. The new liquidity requirements aim to “prevent dealers and banks from simply saying they have the gold, or having more than one owner for the gold they have” on the balance sheet.

Here's another good one: https://mishtalk.com/economics/a-bri...-united-states