Guidance

SoP – Liquidity and funding permissions

Chapter

Liquidity Coverage Ratio (CRR) Article 34: Permission to apply higher inflow rate to certain inflows within a group

Printed on: 08/09/2024

Rulebook at: 01/01/2022

11

Liquidity Coverage Ratio (CRR) Article 34: Permission to apply higher inflow rate to certain inflows within a group

11.1

The PRA may grant permission under this Article when the following conditions are met:

  1. (i) there are reasons to expect a higher inflow even under a combined market and idiosyncratic stress of the provider; and
  2. (ii) the applicant firm and the counterparty either:
    1. (a) are both defined as ‘ring-fenced bodies’ or the subsidiaries or parents of ring-fenced bodies under FSMA, s142A; or
    2. (b) are both not defined as ‘ring-fenced bodies’ or the subsidiaries of ring-fenced bodies under FSMA.
  • 01/01/2022