1. In accordance with Article 460(2) of Regulation (EU) No 575/2013, the liquidity coverage ratio laid down in Article 4 shall be introduced as follows:

(a) 60 % of the liquidity coverage requirement as from 1 October 2015;

(b) 70 % as from1 January 2016;

(c) 80 % as from 1 January 2017;

(d) 100 % as from 1 January 2018.

2. In accordance with Article 412(5) of Regulation (EU) No 575/2013, Member States or competent authorities may require domestically authorised credit institutions or a subset of such credit institutions to maintain a higher liquidity coverage requirement up to 100 % until the binding minimum standard is fully introduced at a rate of 100 % in accordance with this Regulation.