Regulatory Alerts2009-12-14
Instruction No. 2009-08 of December 14, 2009, regarding the application dossier for the advanced approach to liquidity risk (repealed)
The French Banking Commission issued Instruction No. 2009-08 to establish the specific documentation requirements for credit institutions seeking authorization to apply the advanced approach to liquidity risk. The instruction mandates the submission of a comprehensive dossier including internal validation reports, detailed governance structures, liquidity risk management frameworks, and extensive quantitative data on liquid asset buffers and funding sources. It further requires institutions to maintain additional supporting documents for regulatory inspection and defines the precise content for annexes covering risk tolerance, stress testing scenarios, and intra-day liquidity measures.
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