Regulatory Alerts2013-01-16
Added
Liquidity Risk Management
The Israel Supervision of Banks updates the Liquidity Risk Management directive to align with Basel III standards, introducing a minimum liquidity ratio requirement of at least 1:1 for assets maturing within one month against liabilities. The directive mandates the maintenance of a liquid assets buffer, defines eligible high-quality liquid assets with specific haircut and margin requirements, and requires banks to monitor liquidity stress scenarios, stable funding ratios, and intraday liquidity positions. It also extends these requirements to banking groups on a consolidated basis, including foreign branches, and establishes specific reporting and governance obligations for the board of directors and risk management units.
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