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FINANCIAL INSTITUTION LETTER | JULY 28, 2023 |
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Updated Guidance: Interagency Policy Statement on Funding and Liquidity Risk Management on the Importance of Contingency Funding Plans
SUMMARY:
The events of 2023 have underscored the importance of robust liquidity risk management and contingency funding planning. The agencies are issuing this addendum to remind depository institutions to maintain actionable contingency funding plans that take into account a range of possible stress scenarios.
STATEMENT OF APPLICABILITY:
The contents of, and material referenced in, this FIL apply to all FDIC-supervised financial institutions.
DISTRIBUTION:
FDIC-Supervised Financial Institutions
ATTACHMENT:
Addendum to the Interagency Policy Statement on Funding and Liquidity Risk Management on the Importance of Contingency Funding Plans
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