Regulatory Alerts2018-01-01
Prudential Liquidity Requirements for Banks Directive 2018
Issued by the Registrar of Financial Institutions under the Financial Services Act, this directive establishes mandatory liquidity standards for licensed banks. It mandates the computation and maintenance of specific minimum liquidity ratios, designates institutional responsibility for compliance, and requires periodic submission of detailed liquidity reports. Non-compliance triggers administrative and monetary penalties, while the directive simultaneously revokes prior liquidity regulations to ensure a unified prudential framework.
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