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Application provision

1.1 This Part applies to a CRR firm.

2.1

01/10/2015

A firm must at all times maintain liquidity resources which are adequate, both as to amount and quality, to ensure that there is no significant risk that its liabilities cannot be met as they fall due.

2.2

01/10/2015

For the purposes of the overall liquidity adequacy rule:

  1. (1) a firm also must ensure that:
    1. (a) its liquidity resources contain an adequate buffer of high quality, unencumbered assets; and
    2. (b) it maintains a prudent funding profile; and
  2. (2) a firm may not include liquidity resources that may be made available through emergency liquidity assistance from a central bank.