LM-1.2 LM-1.2 The Bank's Prudential Obligation [Version up to 31 July 2018]
LM-1.2.1 [Version up to 31 July 2018]
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.
October 07LM-1.2.2 [Version up to 31 July 2018]
A bank must inform the CBB of any concerns it has about its current or future liquidity profile, and of its plans to rectify/deal with any problems.
Amended: January 2011
October 2007LM-1.2.3 [Version up to 31 July 2018]
Banks will be expected to have formal written policies which limit liquidity risk to acceptable levels; appropriate liquidity measurement and information systems and clearly defined managerial responsibilities for managing liquidity. These policies, controls and systems are to be observed on a daily basis and reviewed to take account of changing circumstances.
October 07