2012-03-06
The Board of the Bank of Lithuania supplemented the General Provisions for the Internal Capital Adequacy Assessment Process and General Provisions for the Supervisory Review and Evaluation Process. The amendments were made taking into account new legal acts of the European Union.
The General Provisions for the Internal Capital Adequacy Assessment Process (ICAAP), intended for implementing the risk assessment and management procedures in commercial banks operating in the country, were supplemented with an annex defining the key requirements for the mechanism of the distribution of costs and benefits of the attraction of liquidity resources.
The General Provisions for the Supervisory Review and Evaluation Process (SREP) were supplemented with a statement that the Bank of Lithuania, through regular detailed assessment of liquidity risk management, will monitor a bank’s preparation and implementation of the mechanism of the distribution of costs and benefits of the attraction of liquidity resources.