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Effective from 2020-10-17 - Aug 30 2021 To view other versions open the versions tab on the right
The main objectives of the ILAAP are as follows:
i.
Enhances corporate governance and risk management processes in banks and the financial system in general.
ii.
Establishes the minimum liquidity required for regulatory purposes and helps identify planned sources of liquidity to meet these objectives.
iii.
For a bank's Board of Directors to proactively assess its liquidity requirements in line with its strategies, business plans and risks.
In additions, the ILAAP document should be for Senior Management to inform the Board of Directors and SAMA on the ongoing assessment of the bank's liquidity risk profile, liquidity risk appetite, strategic plan and liquidity adequacy. It also documents how the bank intends to manage these risks, and how much liquidity is necessary for its future plans.
