1
Application and Definitions
1.1
This Part applies to a CRR firm.
- 01/10/2015
1.2
In this Part, the following definitions shall apply:
means the undertakings included in the scope of consolidation pursuant to Articles 18(1), 19(1), 19(3), 23 and 24(1) of the CRR.
means Commission Delegated Regulation (EU) 2015/61 of 10 October 2014 to supplement Regulation (EU) No 575/2013 of the European Parliament and the Council with regard to liquidity coverage requirement for Credit Institutions.
means the firms supervised by the PRA for liquidity purposes as if they formed a single entity as a result of a permission granted to those firms under Article 8(2) of the CRR.
means the risk that a firm does not have stable sources of funding in the medium and long term to enable it to meet its financial obligations, such as payments or collateral calls, as they fall due, either at all or only at excessive cost.
Internal Liquidity Adequacy Assessment Process (ILAAP)
means the process for the identification, measurement, management and monitoring of liquidity implemented by the firm in accordance with 3 – 13.
a plan for dealing with liquidity crises as required by 12.1.
means the ratio calculated in accordance with Article 4(1) of the Delegated Regulation.
means the risk that a firm, although solvent, does not have available sufficient financial resources to enable it to meet its obligations as they fall due.
overall liquidity adequacy rule
means the rule in 2.1.
- 14/12/2016