Liquidity coverage shortfall: Supervisory framework.

CFR · 2024-01-01 · US · Title 12

(a) (b) (2) For the period during which an FDIC-supervised institution must calculate a liquidity coverage ratio each business day under subpart F of this part, if a FDIC-supervised institution's liquidity coverage ratio is below the minimum requirement in § 329.10 for three consecutive business days, or if the FDIC has determined that the FDIC-supervised institution is otherwise materially noncompliant with the requirements of this part, the FDIC-supervised institution must promptly provide to the FDIC a plan for achieving compliance with the minimum liquidity requirement in § 329.10 and all other requirements of this part. (3) The plan must include, as applicable: (i) An assessment of the FDIC-supervised institution's liquidity position; (ii) The actions the FDIC-supervised institution has taken and will take to achieve full compliance with this part, including: (A) A plan for adjusting the FDIC-supervised 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 FDIC 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:§ 329.40