Specific liquidity requirements
35. For the purposes of determining the appropriate level of liquidity requirements on the basis of the review and evaluation carried out in accordance with Section 3 of Chapter 2 of Title 7 to the capital requirements directive, the appropriate regulator must assess whether the imposition of a specific liquidity requirement is necessary to capture liquidity risks to which an institution is or might be exposed, taking into account the following—
(a)the particular business model of the institution;
(b)the institution’s arrangements, processes and mechanisms (as referred to in Section 2 of Chapter 2 of Title 7 to the capital requirements directive, in particular in Article 86);
(c)the outcome of the review and evaluation carried out in accordance with Article 97 of the capital requirements directive; and
(d)any systemic liquidity risk that threatens the integrity of the financial markets of the United Kingdom.