Regulatory Alerts2017-03-30
Isle of Man Financial Services Authority Guidance on Liquidity Risk Management for Deposit Takers
The Isle of Man Financial Services Authority issues this guidance to establish liquidity risk management standards for Class 1(1) and Class 1(2) deposit takers. The document mandates the implementation of robust liquidity management policies, daily monitoring via maturity mismatch approaches, and strict adherence to quantitative hard limits. It further requires banks to maintain contingency plans and conduct regular stress testing to ensure resilience against funding shortfalls and market stress.
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