Guidance on Liquidity Risk Management

In September 2008 the Basel Committee on Banking Supervision (‘the Basel Committee’) issued a paper entitled “Principles for Sound Liquidity Risk Management and Supervision” (‘the Principles’). Previous to issuance, the Basel Committee conducted a fundamental review of its guidance issued in February 2000 entitled “Sound Practices for Managing Liquidity in Banking Organisations” in light of financial market developments and the recent market turmoil.