LM-A LM-A Introduction [Version up to 30 September 2007]
LM-A.1 LM-A.1 Purpose [Version up to 30 September 2007]
LM-A.1.1 [Version up to 30 September 2007]
The purpose of this module is to provide a checklist of the key elements of a sound Liquidity Risk Management system which supervisors can expect their banks to observe.
LM-A.1.2 [Version up to 30 September 2007]
This module provides support for certain other parts of the Rulebook, mainly:
(a) Licensing Requirements;(b) Principles of Business;(c) BMA Reporting Requirements;(d) Audit Firms; and(e) High Level Controls.LM-A.2 LM-A.2 Key requirements [Version up to 30 September 2007]
LM-A.2.1 [Version up to 30 September 2007]
It is the responsibility of the bank's Board of Directors and management to ensure that the bank has sufficient liquidity to meet its obligations as they fall due.
LM-A.2.1 [Version up to 30 September 2007]
A bank must inform the Agency of any concerns it has about its current or future liquidity profile, and of its plans to rectify/deal with any problems.
LM-A.2.2 [Version up to 30 September 2007]
The Agency has established certain limits for negative maturity mismatch positions. Positions within such periods should be reported on a monthly basis.
LM-A.2.3 [Version up to 30 September 2007]
Currencies should be translated into the reporting currency of the bank (which in any case would be either Bahraini Dinar or US Dollar) at the closing spot mid price on the reporting date and entered in the relevant time band. However, the Agency may also require institutions to provide management information on positions in individual currencies in the event of difficulties either in the individual institution or with the currency in question.
LM-A.3 LM-A.3 Regulation history [Version up to 30 September 2007]
LM-A.3.1 [Version up to 30 September 2007]
This module was first issued on 1st January 2005 as part of the Islamic principles volume. All regulations in this volume have been effective since this date. All subsequent changes are dated with the month and year at the base of the relevant page and in the Table of Contents. Chapter 3 of Module UG provides further details on Rulebook maintenance and control.
LM-A.3.2 [Version up to 30 September 2007]
A list of most recent changes made to this module are detailed in the table below:
Summary of changes
Module Ref. Change Date Description of Changes LM Evolution of the Module [Version up to 30 September 2007]
LM-A.3.3 [Version up to 30 September 2007]
The module incorporates the requirements set out under Section E of the Prudential Information Returns for Islamic Banks (PIRI) pack.
Effective date [Version up to 30 September 2007]
LM-A.3.4 [Version up to 30 September 2007]
The contents in this module are effective from the date depicted in the original circulars/pack (see paragraph LM-A.3.3) from which the requirements are compiled.
