The bank must hold a stock of unencumbered high-quality liquid assets (HQLA) no lower than its total net cash outflows over a 30 calendar-day combined idiosyncratic and market-wide stress scenario, so that the LCR stays at or above 100% on an ongoing basis outside periods of financial stress (LCR20.1, LCR20.2, LCR20.5). The minimum of 100% has applied since 1 January 2019 (LCR90.1). In a stress the bank may draw down the stock and fall below 100%, but it must then give the supervisor an assessment of its liquidity position, the causes of the shortfall, the actions taken and planned, and the expected duration (LCR20.5, LCR20.6). The LCR is reported to the supervisor at least monthly, with the operational capacity to move to weekly or daily reporting in stress, and a reporting lag that should ideally not exceed two weeks; the bank must tell the supervisor immediately if the ratio has fallen or is expected to fall below 100% (LCR20.7, LCR20.8). It applies to internationally active banks on a consolidated basis, excludes non-transferable surplus liquidity and is met in one currency (LCR10.1 to LCR10.9). The bank should also run longer-horizon internal liquidity stress tests and share them with its supervisor (LCR20.3).
This control maps to 1 controls across 1 other frameworks. If you already hold one of them, the evidence you collected for it is the starting point here rather than new work.
Every mapping shown was judged rather than inferred from wording similarity, and the ones that failed review are published too. See the coverage reports and what was rejected.
The graph holds this control, the 1 it maps to, and the evidence behind each claim, over MCP and REST.