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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
Prudential — Investment, Insurance Intermediation and Banking Module (PIB) [VER33/02-19]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices
Financial Markets Tribunal
Archive

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  • Liquidity Coverage Ratio

    • PIB 9.3.4

      An Authorised FirmG must, except as provided in PIB Rule 9.3.8, maintain a LCR of at least the level specified in the table below from the date specified in the table.

      Table - Minimum LCR levels

      Date
      1st January 2015
      1st January 2016
      1st January 2017
      1st January 2018
      1st January 2019
      Minimum LCR
      60%
      70%
      80%
      90%
      100%
      [Added] DFSA RM148/2014 (Made 1st January 2015). [VER23/01-15]

      • PIB 9.3.4 Guidance

        Under PIB Rule 9.3.4, an Authorised FirmG must maintain a minimum level of LCR of 60% starting on 1 January 2015. The minimum requirement will be increased subsequently in each following year in equal annual steps of 10% to reach 100% on and from 1 January 2019. PIB Rule 9.3.4 sets minimum levels and is not intended to limit the generality of the requirement in PIB Rule 9.3.3.

        [Added] DFSA RM148/2014 (Made 1st January 2015). [VER23/01-15]

    • PIB 9.3.5

      An Authorised FirmG must calculate its LCR using the following formula and in accordance with the Rules in section PIB A9.2 of App9.

      LCR = Value of stock of HQLA / Total Net Cash Outflows over the next 30 calendar days

      [Added] DFSA RM148/2014 (Made 1st January 2015). [VER23/01-15]

      • PIB 9.3.5 Guidance

        1. Section PIB A9.2 of App9 sets out how the value of stock of HQLA and Total Net Cash Outflows are to be calculated.
        2. An Authorised FirmG active in multiple currencies should:
        a. maintain HQLA consistent with the distribution of its liquidity needs by currency;
        b. assess its aggregate foreign currency liquidity needs and determine an acceptable level of currency mismatches; and
        c. undertake a separate analysis of its strategy for each currency in which it has material activities, considering potential constraints in times of stress.
        [Added] DFSA RM148/2014 (Made 1st January 2015). [VER23/01-15]