ANNEX VTECHNICAL CRITERIA CONCERNING THE ORGANISATION AND TREATMENT OF RISKS

10.LIQUIDITY RISK

F122.

In order to deal with liquidity crises, credit institutions shall have in place contingency plans setting out adequate strategies and proper implementation measures in order to address possible liquidity shortfalls. Those plans shall be regularly tested, updated on the basis of the outcome of the alternative scenarios set out in point 19, be reported to and approved by senior management, so that internal policies and processes can be adjusted accordingly.