2. Executive Summary
Effective from 2020-10-17 - Oct 16 2020
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| This section should present an overview of the ILAAP methodology and results. This overview should include: | ||
| i. | The purpose and coverage of the ILAAP. | |
| ii. | The main findings of the ILAAP analysis: | |
| - | How much and what composition of liquidity the bank considers it should hold as compared with the liquidity resource requirement ‘pillar 1’ calculation. | |
| - | The adequacy of the bank’s liquidity risk management processes. | |
| iii. | A summary of the financial projections, including the strategic position of the bank, its balance sheet strength, and future profitability. | |
| iv. | Brief descriptions of liquidity plans; how the bank intends to manage liquidity going forward and for what purposes. | |
| v. | Commentary on the most material liquidity risks, why the level of risk is acceptable or, if it is not, what mitigating actions are planned. | |
| vi. | Commentary on major issues where further analysis and decisions are required. | |
| vii. | Who has carried out the assessment, how it has been challenged, and who approved it. | |