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LM-1.3.8

The independent reviews of the liquidity risk management framework undertaken in accordance with Paragraphs HC-6.6.33 and HC-6.6.34, must cover the following:

(a) The adequacy of internal systems and procedures for identifying, measuring, monitoring and mitigating liquidity risk;
(b) The appropriateness of various internal limits on liquidity metrics for controlling liquidity risk;
(c) The suitability of the underlying scenarios and assumptions for conducting cash flow analysis;
(d) The integrity and usefulness of management information reports on liquidity risk; and
(e) The adherence to established liquidity risk strategy, policies and procedures.
Amended: January 2022
Added: August 2018