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Liquidity Risk - Relevance to Actuaries [10]

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Bullet points include: FSA introducing new liquidity regime, see e.g. CP 08/22. Significant toughening of prudential standards. Applicable to UK banks, building societies etc. and to UK branches of certain EEA and non-EEA banks. And new stress-testing regime, see e.g. CP 08/24. Introduces ‘reverse stress test’ requirement. Applies to insurers as well as banks and building etc. Involves exploring scenarios that disrupt the firm’s business model, however unlikely these are to materialise

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