For the purposes of this Regulation, the following definitions shall apply:
(1) "level 1 assets" means assets of extremely high liquidity and credit quality as referred to in the second subparagraph of Article 416(1) of Regulation (EU) No 575/2013;
(2) "level 2 assets" means assets of high liquidity and credit quality as referred to in the second subparagraph of Article 416(1) of Regulation (EU) No 575/2013. level 2 assets are further subdivided into level 2A and 2B assets in accordance with Chapter 2 of Title II of this Regulation;
(3) "liquidity buffer" means the amount of liquid assets that a credit institution holds in accordance with Title II of this Regulation;
(4) "reporting currency" means the currency in which the liquidity items referred to in Titles II and III of Part Six of Regulation (EU) No 575/2013 must be reported to the competent authority in accordance with Article 415(1) of that Regulation;
(5) "asset coverage requirement" means the ratio of assets to liabilities as
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