+54. On the set-up of the liquidity contingency planning, competent authorities should ensure that …
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54. On the set-up of the liquidity contingency planning, competent authorities should ensure that …
On the set-up of the liquidity contingency planning, competent authorities should ensure that they receive from institutions the following: - a. description of the lines of responsibilities for designing, monitoring and executing the liquidity contingency plan;
- b. description of the strategies for addressing liquidity shortfalls in emergency situations;
- c. description of a tool to monitor market conditions that allow institutions to determine in a timely manner whether escalation and/or execution of measures is warranted;
- d. description of testing procedures, where available (e.g. examples of sales of new asset types, pledging collateral with central banks, etc.).
7.7.2 Operational documentation
1. Overview
1.1 References
1.2 Identified Requirements
1.3 Related Standards
2. Identified Requirements
Requirements
| Source |
Requirement |
3. Related Standards
Standards
| Source |
Requirement |
- EBA - Published by the European Banking Authority at https://www.eba.europa.eu/
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