Guidelines on Best Practices for Managing Liquidity in Financial Undertakings

3.6.2008

The Financial Supervisory Authority (FME) has issued Guidelines on Best Practices for Managing Liquidity in Financial Undertakings. The guidelines apply to both parent companies and consolidated financial institutions as applicable. The guidelines will replace Guidelines no. 2/2004, on Foreign Currency Liquidity Management. The guidelines contain several principles on best practices in liquidity management and are based on Sound Practices for Managing Liquidity in Banking Organizations issued by the Basel Committee.

For further information please contact: Íris Björk Hreinsdóttir, iris@fme.is, Tel: (+354) 525 2700.

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