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RM-5.3.14

For purposes of Paragraph RM-5.3.13, Islamic bank licensees may consider differentiating the stages of a liquidity crisis as follows:

(a) Identification of a liquidity gap or a situation which acts as a triggering event where withdrawals do not follow predictable patterns when, for example, the Islamic bank licensees suffers an institutional rating downgrade;
(b) A need to liquidate assets or investments in an orderly manner to meet such a liquidity gap or situation; and
(c) Emergency measures to be taken in the event that the previous steps fail to meet the liquidity gap adequately.
January 2013