BIPRU 12
Liquidity standards
BIPRU 12.1
Application
- 01/12/2009
- Past version of BIPRU 12.1 before 01/12/2009
BIPRU 12.1.1
See Notes
BIPRU 12.1.2
See Notes
BIPRU 12.1.6
See Notes
BIPRU 12.1.7
See Notes
BIPRU 12.2
Adequacy of liquidity resources
- 01/12/2009
The overall liquidity adequacy rule
BIPRU 12.2.1
See Notes
BIPRU 12.2.2
See Notes
Branch liquidity resources
BIPRU 12.2.3
See Notes
BIPRU 12.2.4
See Notes
Liquidity resources: general
BIPRU 12.2.5
See Notes
BIPRU 12.2.6
See Notes
BIPRU 12.2.7
See Notes
Liquid assets buffer and funding profile
BIPRU 12.2.8
See Notes
BIPRU 12.2.9
See Notes
BIPRU 12.2.10
See Notes
BIPRU 12.2.11
See Notes
BIPRU 12.2.12
See Notes
BIPRU 12.2.13
See Notes
Individual assessments of liquidity adequacy
BIPRU 12.2.14
See Notes
BIPRU 12.2.15
See Notes
BIPRU 12.2.16
See Notes
BIPRU 12.2.17
See Notes
BIPRU 12.2.18
See Notes
BIPRU 12.2.19
See Notes
BIPRU 12.3
Liquidity risk management
- 01/12/2009
BIPRU 12.3.1A
See Notes
- 26/05/2014
BIPRU 12.3.2
See Notes
BIPRU 12.3.3
See Notes
Overarching liquidity systems and controls requirements
BIPRU 12.3.4
See Notes
A firm must have in place robust strategies, policies, processes and systems that enable it to identify, measure, manage and monitor liquidity risk over an appropriate set of time horizons, including intra-day, so as to ensure that it maintains adequate levels of liquidity buffers. These strategies, policies, processes and systems must be tailored to business lines, currencies, branches and legal entities and must include adequate allocation mechanisms of liquidity costs, benefits and risks.
[Note: article 86(1) of the CRD]
BIPRU 12.3.4A
See Notes
BIPRU 12.3.5
See Notes
The strategies, policies, processes and systems referred to in BIPRU 12.3.4 R must be proportionate to the complexity, risk profile and scope of operation of the firm, and the liquidity risk tolerance set by the firm's governing body in accordance with BIPRU 12.3.8 R, and must reflect the firm's importance in each EEA State, in which it carries on business.
[Note: article 86(2) (part) of the CRD]
BIPRU 12.3.5A
See Notes
- 26/05/2014
BIPRU 12.3.6
See Notes
BIPRU 12.3.7
See Notes
BIPRU 12.3.7A
See Notes
- 01/01/2014
Governing body and senior management oversight: liquidity risk tolerance
BIPRU 12.3.8
See Notes
A firm must ensure that:
[Note: article 86(2) of the CRD]
BIPRU 12.3.8A
See Notes
- 26/05/2014
BIPRU 12.3.9
See Notes
Governing body and senior management oversight: approval and review of arrangements
BIPRU 12.3.10
See Notes
BIPRU 12.3.11
See Notes
BIPRU 12.3.12A
See Notes
- 26/05/2014
BIPRU 12.3.13
See Notes
BIPRU 12.3.14
See Notes
Pricing liquidity risk
BIPRU 12.3.15A
See Notes
- 26/05/2014
BIPRU 12.3.16
See Notes
Intra-day management of liquidity
BIPRU 12.3.17
See Notes
BIPRU 12.3.18
See Notes
BIPRU 12.3.19A
See Notes
- 26/05/2014
BIPRU 12.3.20
See Notes
BIPRU 12.3.21
See Notes
Management of collateral
BIPRU 12.3.22
See Notes
BIPRU 12.3.22A
See Notes
A firm must distinguish between pledged and unencumbered assets that are available at all times, in particular during emergency situations. A firm must also take into account the legal entity in which assets reside, the country where assets are legally recorded either in a register or in an account as well as their eligibility and must monitor how assets can be mobilised in a timely manner.
[Note: article 86(5) of the CRD]
BIPRU 12.3.22B
See Notes
BIPRU 12.3.23
See Notes
BIPRU 12.3.24A
See Notes
- 26/05/2014
BIPRU 12.3.25A
See Notes
- 26/05/2014
Managing liquidity across legal entities, business lines and currencies
BIPRU 12.3.26
See Notes
BIPRU 12.3.27
See Notes
A firm mustdevelop methodologies for the identification, measurement, management and monitoring of funding positions. Those methodologies must include the current and projected material cash-flows in and arising from assets, liabilities, off-balance-sheet items, including contingent liabilities and the possible impact of reputational risk.
[Note: article 86(4) of the CRD]
BIPRU 12.3.28
See Notes
Funding diversification and market access
BIPRU 12.3.29
See Notes
BIPRU 12.3.30
See Notes
BIPRU 12.3.31
See Notes
BIPRU 12.3.32
See Notes
Asset encumbrance
BIPRU 12.3.33
See Notes
- 26/05/2014
BIPRU 12.3.34
See Notes
- 26/05/2014
BIPRU 12.3.35
See Notes
- 26/05/2014
BIPRU 12.4
Stress testing and contingency funding
- 01/12/2009
BIPRU 12.4.-2
See Notes
Stress testing
BIPRU 12.4.-1
See Notes
BIPRU 12.4.1A
See Notes
- 26/05/2014
BIPRU 12.4.1B
See Notes
- 26/05/2014
BIPRU 12.4.2
See Notes
BIPRU 12.4.3
See Notes
BIPRU 12.4.4
See Notes
BIPRU 12.4.5A
See Notes
BIPRU 12.4.6
See Notes
BIPRU 12.4.7
See Notes
BIPRU 12.4.8
See Notes
BIPRU 12.4.9
See Notes
Contingency funding plans
BIPRU 12.4.10
See Notes
BIPRU 12.4.11
See Notes
BIPRU 12.4.11A
See Notes
- 01/01/2014
BIPRU 12.4.12A
See Notes
- 26/05/2014
BIPRU 12.4.13A
See Notes
- 26/05/2014
BIPRU 12.4.14A
See Notes
- 26/05/2014
BIPRU 12.4.15
See Notes
BIPRU 12.4.16A
See Notes
- 26/05/2014
BIPRU 12.5
Individual Liquidity Adequacy Standards
- 01/12/2009
Individual Liquidity Adequacy Assessment
BIPRU 12.5.1
See Notes
BIPRU 12.5.2
See Notes
BIPRU 12.5.3
See Notes
BIPRU 12.5.4
See Notes
BIPRU 12.5.5
See Notes
BIPRU 12.5.6
See Notes
ILAA stresses
BIPRU 12.5.7
See Notes
First liquidity stress
BIPRU 12.5.8
See Notes
BIPRU 12.5.9
See Notes
BIPRU 12.5.10
See Notes
Second liquidity stress
BIPRU 12.5.11
See Notes
BIPRU 12.5.12
See Notes
ILAA methodology
BIPRU 12.5.13
See Notes
BIPRU 12.5.14
See Notes
Wholesale secured and unsecured funding risk
BIPRU 12.5.15
See Notes
BIPRU 12.5.16
See Notes
BIPRU 12.5.17
See Notes
BIPRU 12.5.18
See Notes
BIPRU 12.5.19
See Notes
Retail funding risk
BIPRU 12.5.20
See Notes
BIPRU 12.5.21
See Notes
BIPRU 12.5.22
See Notes
BIPRU 12.5.23
See Notes
BIPRU 12.5.24
See Notes
BIPRU 12.5.25
See Notes
Intra-day liquidity risk
BIPRU 12.5.26
See Notes
BIPRU 12.5.27
See Notes
BIPRU 12.5.28
See Notes
BIPRU 12.5.29
See Notes
BIPRU 12.5.30
See Notes
BIPRU 12.5.31
See Notes
BIPRU 12.5.32
See Notes
BIPRU 12.5.33
See Notes
BIPRU 12.5.34
See Notes
BIPRU 12.5.35
See Notes
Intra-group liquidity risk
BIPRU 12.5.36
See Notes
BIPRU 12.5.37
See Notes
BIPRU 12.5.38
See Notes
BIPRU 12.5.39
See Notes
Cross-currency liquidity risk
BIPRU 12.5.40
See Notes
BIPRU 12.5.41
See Notes
Off-balance sheet liquidity risk
BIPRU 12.5.42
See Notes
BIPRU 12.5.43
See Notes
BIPRU 12.5.44
See Notes
BIPRU 12.5.45
See Notes
BIPRU 12.5.46
See Notes
BIPRU 12.5.47
See Notes
BIPRU 12.5.48
See Notes
BIPRU 12.5.49
See Notes
BIPRU 12.5.50
See Notes
BIPRU 12.5.51
See Notes
Franchise-viability risk
BIPRU 12.5.52
See Notes
BIPRU 12.5.53
See Notes
BIPRU 12.5.54
See Notes
BIPRU 12.5.55
See Notes
Marketable assets risk
BIPRU 12.5.56
See Notes
BIPRU 12.5.57
See Notes
BIPRU 12.5.58
See Notes
BIPRU 12.5.59
See Notes
BIPRU 12.5.60
See Notes
BIPRU 12.5.61
See Notes
BIPRU 12.5.62
See Notes
Non-marketable assets risk
BIPRU 12.5.63
See Notes
BIPRU 12.5.64
See Notes
BIPRU 12.5.65
See Notes
BIPRU 12.5.66
See Notes
BIPRU 12.5.67
See Notes
BIPRU 12.5.68
See Notes
BIPRU 12.5.69
See Notes
BIPRU 12.5.70
See Notes
BIPRU 12.5.71
See Notes
BIPRU 12.5.72
See Notes
BIPRU 12.5.73
See Notes
Funding concentration risk
BIPRU 12.5.74
See Notes
BIPRU 12.5.75
See Notes
BIPRU 12.5.76
See Notes
BIPRU 12.5.77
See Notes
BIPRU 12.6
Simplified ILAS
- 01/12/2009
BIPRU 12.6.1
See Notes
BIPRU 12.6.2
See Notes
BIPRU 12.6.3
See Notes
BIPRU 12.6.4
See Notes
BIPRU 12.6.5
See Notes
Simplified ILAS conditions
BIPRU 12.6.6
See Notes
BIPRU 12.6.6A
See Notes
BIPRU 12.6.7
See Notes
BIPRU 12.6.8
See Notes
Size of the simplified buffer requirement
BIPRU 12.6.9
See Notes
The wholesale net cash outflow component
BIPRU 12.6.10
See Notes
The retail and SME deposit component
BIPRU 12.6.11
See Notes
BIPRU 12.6.12
See Notes
BIPRU 12.6.13
See Notes
BIPRU 12.6.14
See Notes
The credit pipeline component
BIPRU 12.6.15
See Notes
Buffer securities restriction
BIPRU 12.6.16
See Notes
BIPRU 12.6.17
See Notes
Foreign currency positions
BIPRU 12.6.18
See Notes
Content of the simplified ILAS liquid assets buffer
BIPRU 12.6.19
See Notes
BIPRU 12.6.20
See Notes
ILSA
BIPRU 12.6.21
See Notes
BIPRU 12.6.22
See Notes
BIPRU 12.7
Liquid assets buffer
- 01/12/2009
BIPRU 12.7.1
See Notes
BIPRU 12.7.2
See Notes
BIPRU 12.7.2A
See Notes
- 26/05/2014
BIPRU 12.7.3
See Notes
BIPRU 12.7.4
See Notes
BIPRU 12.7.5
See Notes
BIPRU 12.7.6
See Notes
BIPRU 12.7.6A
See Notes
BIPRU 12.7.7
See Notes
BIPRU 12.7.8
See Notes
BIPRU 12.7.8A
See Notes
- 26/05/2014
BIPRU 12.7.8B
See Notes
- 26/05/2014
BIPRU 12.7.9
See Notes
BIPRU 12.7.9A
See Notes
BIPRU 12.7.10
See Notes
BIPRU 12.7.11
See Notes
BIPRU 12.7.12
See Notes
BIPRU 12.7.12A
See Notes
- 26/05/2014
BIPRU 12.8
Cross-border and intra-group management of liquidity
- 01/12/2009
BIPRU 12.8.1
See Notes
BIPRU 12.8.2
See Notes
BIPRU 12.8.3
See Notes
BIPRU 12.8.4
See Notes
BIPRU 12.8.5
See Notes
BIPRU 12.8.6
See Notes
Intra-group liquidity modification: general
BIPRU 12.8.7
See Notes
BIPRU 12.8.8
See Notes
BIPRU 12.8.9
See Notes
BIPRU 12.8.10
See Notes
BIPRU 12.8.11
See Notes
BIPRU 12.8.12
See Notes
BIPRU 12.8.13
See Notes
Consideration of an application for an intra-group liquidity modification
BIPRU 12.8.14
See Notes
BIPRU 12.8.15
See Notes
BIPRU 12.8.16
See Notes
BIPRU 12.8.17
See Notes
BIPRU 12.8.18
See Notes
BIPRU 12.8.19
See Notes
BIPRU 12.8.20
See Notes
Ongoing requirements
BIPRU 12.8.21
See Notes
Whole-firm liquidity modification: general
BIPRU 12.8.22
See Notes
BIPRU 12.8.23
See Notes
BIPRU 12.8.24
See Notes
BIPRU 12.8.25
See Notes
Consideration of an application for a whole-firm liquidity modification
BIPRU 12.8.26
See Notes
BIPRU 12.8.27
See Notes
BIPRU 12.8.28
See Notes
Ongoing requirements
BIPRU 12.8.29
See Notes
BIPRU 12.8.30
See Notes
BIPRU 12.9
Individual liquidity guidance and regulatory intervention points
- 01/12/2009
Appropriate regulator assessment process
BIPRU 12.9.1
See Notes
BIPRU 12.9.2
See Notes
BIPRU 12.9.3
See Notes
BIPRU 12.9.4
See Notes
BIPRU 12.9.5
See Notes
BIPRU 12.9.6
See Notes
BIPRU 12.9.7
See Notes
BIPRU 12.9.8
See Notes
BIPRU 12.9.9
See Notes
Additional guidance for branches
BIPRU 12.9.10
See Notes
Regulatory intervention points for ILAS BIPRU firms
BIPRU 12.9.11
See Notes
BIPRU 12.9.12
See Notes
BIPRU 12.9.12A
See Notes
BIPRU 12.9.13
See Notes
BIPRU 12.9.14
See Notes
BIPRU 12.9.15
See Notes
BIPRU 12.9.16
See Notes
BIPRU 12.9.17
See Notes
BIPRU 12.9.18
See Notes
BIPRU 12.9.19
See Notes
BIPRU 12.9.20
See Notes
BIPRU 12.9.21
See Notes
BIPRU 12.9.22
See Notes
BIPRU 12.9.23
See Notes
Monitoring requirement
BIPRU 12.9.24
See Notes
Mode of notification
BIPRU 12.9.25
See Notes
BIPRU 12.9.26
See Notes
BIPRU 12.9.27
See Notes
BIPRU 12 Annex 1
Mapping of credit assessments of ECAIs to credit quality steps
- 01/01/2014
See Notes
Credit Quality Step | Fitch's assessment | Moody's assessments | S&P's assessments | DBRS' assessments |
1 | AAA to AA- | Aaa to Aa3 | AAA to AA- | AAA to AAL |
2 | A+ to A- | A1 to A3 | A+ to A- | AH to AL |
3 | BBB+ to BBB- | Baa1 to Baa3 | BBB+ to BBB- | BBBH to BBBL |
4 | BB+ to BB- | Ba1 to Ba3 | BB+ to BB- | BBH to BBL |
5 | B+ to B- | B1 to B3 | B+ to B- | BH to BL |
6 | CCC+ and below | Caa1 and below | CCC+ and below | CCCH and below |
- 01/01/2014
Transitional Provisions and Schedules
BIPRU Sch 3
Fees and other requirement payments
- 01/01/2007
See Notes
There are no requirements for fees or other payments in BIPRU. |
BIPRU Sch 6
Rules than can be waived
- 01/01/2007
See Notes
The rules in BIPRU may be waived by the appropriate regulator under section 138A of the Act (Modification or waiver of rules). However, if the rules incorporate requirements laid down in European directives, it will not be possible for the appropriate regulator to grant a waiver that would be incompatible with the United Kingdom's responsibilities under those directives. It therefore follows that if a rule in BIPRU contains provisions which derive partly from a directive, and partly not, the appropriate regulator will be able to consider a waiver of the latter requirements only, unless the directive provisions are optional rather than mandatory. |