PIB 9 Guidance
Past version: effective from 01/01/2015 - 31/12/2017
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1. This chapter deals with management of
Liquidity Risk by an Authorised Firm. Liquidity Risk refers to the risk of potential losses incurred by an Authorised Firm's failure to have liquid assets to ensure payment of all its liabilities as they fall due and be in a position to meet all payments required to sustain its business on a planned growth path.
2. This chapter requires an
Authorised Firm to:
Liquidity Risk management systems and controls;
b. identify, measure and monitor
c. maintain a minimum level of High Quality Liquid Assets (HQLA); and
d. determine quantitative limits on cumulative negative maturity mismatch in accordance with a specified methodology.