47. Competent authorities should verify that the assets to meet liquidity requirements are …

Competent authorities should verify that the assets to meet liquidity requirements are unencumbered and liquid. For this purpose, they should take into account the nature of the assets, the terms and conditions of the agreements from which the assets originate and any other relevant feature. Along these lines, competent authorities should verify that the eligible instruments constituting the capital endowment and deposited in the escrow account are not counted towards the liquidity requirement, since such instruments have to be considered encumbered and therefore unavailable to meet the liquidity outflows of TCBs. Similarly, competent authorities should make sure that the assets fulfilling the liquidity requirement are not counted towards the capital endowment requirement.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA -

  EN: Guidelines and other publications of the European Banking Authority (EBA), https://www.eba.europa.eu/. © European Banking Authority. Reproduction is authorised provided the source is acknowledged (EBA legal notice). Divided into sections and converted into the GRCA format, the wording unchanged. Only the versions published by the EBA are authoritative.

  DE: Leitlinien und weitere Veröffentlichungen der Europäischen Bankenaufsichtsbehörde (EBA), https://www.eba.europa.eu/. © European Banking Authority. Wiedergabe mit Quellenangabe gestattet (Rechtlicher Hinweis der EBA). In Abschnitte aufgeteilt und in das GRCA-Format umgewandelt, der Wortlaut unverändert. Maßgeblich sind allein die von der EBA veröffentlichten Fassungen.