Liquidity coverage shortfall: Supervisory framework.

CFR · 2024-01-01 · US · Title 12

(a) (b) (2) For the period during which a Board-regulated institution must calculate a liquidity coverage ratio each business day under subpart F of this part, if a Board-regulated institution's liquidity coverage ratio is below the minimum requirement in § 249.10 for three consecutive business days, or if the Board has determined that the Board-regulated institution is otherwise materially noncompliant with the requirements of this part, the Board-regulated institution must promptly provide to the Board a plan for achieving compliance with the minimum liquidity requirement in § 249.10 and all other requirements of this part. (3) The plan must include, as applicable: (i) An assessment of the Board-regulated institution's liquidity position; (ii) The actions the Board-regulated institution has taken and will take to achieve full compliance with this part, including: (A) A plan for adjusting the Board-regulated institution's risk profile, risk management, and funding sources in order to achieve full compliance with this part; and (B) A plan for remediating any operational or management issues that contributed to noncompliance with this part; (iii) An estimated time frame for achieving full compliance with this part; and (iv) A commitment to report to the Board no less than weekly on progress to achieve compliance in accordance with the plan until full compliance with this part is achieved. (c)

official document · source cfr-2024 · id 12:§ 249.40