Periodic crisis have been the basic companion of the capitalist way of production since 17th century. For the last three centuries, econo- mists dealing with crises have opened more questions, dilemmas and controversies than they have offered answers regarding their nature, origin and mitigation possibilities. It can be freely stated that economic history is imbued with periodic speculative bubbles and their consequential effect on liquidity issues of banks, which often resulted in huge socio political upheaval. The 2008 crisis triggered the biggest social and regulatory reforms, across the planet, since the Great Depression of 1929. The resolution of banking crises throughout history has, as a rule, gone in the direction of increased state interventionism and strenghtening of the regulation of the financial sector and Great Recession was no exception in this sense and it initiated tectonic changes in banking regulation known as Basel III, which for the first time paid special attention to liquidity and liquidity risk of banks. Therefore, before Great recession, there were no qualitative global regulatory standards in the field of liquidity and liquidity risk management. The adoption of Basel III standards in banking regula- tion made significant contribution to strenghtening the stability of financial systems as a whole and particularly imprortant contribution is reflected in the introduction of two quantitative liquidity ratios, LCR and NSFR, which prevented banks from unsynchronized optimization assets and liabilities.