Engagement letter and Level 2B liquid assets: Difference between pages

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''Documentation.''
''Bank regulation - liquidity''


1.
Level 2B liquid assets are those of lower liquidity quality, compared with Level 2A.


A contract between an audit client and their auditing firm which defines the respective responsibilities of the auditors and the client's management and records matters such as the agreed level of fees.


 
Level 2B liquid assets are subject to correspondingly greater haircuts of 25% to 50% when included in the computation of total High Quality Liquid Assets (HQLAs), compared with Level 2A.
2.
 
Any similar contract between a client and a provider of professional services.




== See also ==
== See also ==
* [[Audit]]
* [[Haircut]]
* [[Contract]]
* [[High Quality Liquid Assets]]
* [[Level 1 liquid assets]]
* [[Level 2 liquid assets]]
* [[Level 2A liquid assets]]
* [[Liquid]]
* [[Liquidity ]]
* [[Liquidity buffer]]


[[Category:Treasury_operations_infrastructure]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Financial_products_and_markets]]

Revision as of 08:05, 4 May 2022

Bank regulation - liquidity

Level 2B liquid assets are those of lower liquidity quality, compared with Level 2A.


Level 2B liquid assets are subject to correspondingly greater haircuts of 25% to 50% when included in the computation of total High Quality Liquid Assets (HQLAs), compared with Level 2A.


See also