15. Competent authorities should consider whether other services provided by an investment firm …

Competent authorities should consider whether other services provided by an investment firm give rise to liquidity risk in providing guarantees to clients or third parties, as they are also subject to a higher liquidity requirement in accordance with Article 45 of Regulation (EU) 2019/2033. The same assessment should be performed for an investment firm which engages in securities lending, as an investment firm would be exposed to liquidity risk because the borrower may not be able to return securities in time or on demand to the investment firm.

1. Overview

1.1 References

• Article 45 Client guarantees

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA - Published by the European Banking Authority at https://www.eba.europa.eu/