56. In addition to the information referred to in Sections 7.1-7.7, competent authorities should …

In addition to the information referred to in Sections 7.1-7.7, competent authorities should ensure that they receive from institutions all relevant supporting information including minutes of relevant committees and management body meetings evidencing the sound set-up and implementation of ILAAP, and in particular:

• a. approval of the overall set-up of ILAAP;
• b. approval of the key ILAAP elements, such as the funding plan, the liquidity contingency plan, the liquidity cost-benefit allocation mechanism, stress test assumptions and conclusions on outcomes, specific liquidity and funding risk appetite, targeted size and composition of liquid asset buffer, etc.;
• c. evidence of discussion on (changes in) the liquidity and funding risk profile, limit breaches, etc., including decisions on management actions or the explicit decision not to take any action;
• d. examples of significant decisions in new product approval committees evidencing, if applicable, the use of the liquidity transfer pricing (LTP) and risk views in these decisions;
• e. evidence of discussion of the analysis of the feasibility of the funding plan based on (changes in) market depth and volatility;
• f. evidence of decisions on management actions related to intraday liquidity risk after internal escalation due to intraday liquidity events;
• g. evidence of discussion of the outcome of liquidity stress tests and decision on any management (non-)action;
• h. evidence of discussion on the regular testing of the liquidity contingency plan and decisions on adjusting the management actions listed in the liquidity contingency plan;
• i. decision relating to the size and composition of the liquid asset buffer;
• j. evidence of discussion regarding the testing of the liquidity value of, and of the time required to sell or repo, assets included in the liquid asset buffer;
• k. where available, internal self-assessments in which institutions can take the opportunity to justify their level of compliance against publicly available criteria regarding risk management and control that affect ILAAP.

1. Forbhreathnú

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

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