Finalised guidance (FG11/08): Individual Liquidity Systems Assessment (ILSA)
April 27, 2011
On 27 April 2011, the FSA published guidance on the Individual Liquidity Systems Assessment (“ILSA”) submission information document.
The ILSA submission information document is intended to give Individual Liquidity Adequacy Standards firms, pursuant to the Prudential sourcebook for Banks, Building Societies and Investment Firms, information on what the FSA requires them to include in an ILSA.
The core of the submitted information will comprise an evaluation of compliance levels and sources of liquidity.