17. Competent authorities should periodically review the adequacy of the institution's own funds and liquidity to provide sound coverage of the risks to which the institution is or might be exposed through the following assessments:
a. SREP capital assessment as specified in Title 7; and
b. SREP liquidity assessment as specified in Title 9.
18. The periodic assessments should occur on a 12-month to 3-year basis, taking into account the proportionality criteria specified in Section 2.4. Competent authorities may perform more frequent assessments. Competent authorities should review the assessment in light of material new findings from the SREP risk assessment where competent authorities determine that the findings may have a material impact on the institution's own funds and/or liquidity resources.
19. Competent authorities should ensure that the findings of the assessments:
a. are clearly documented in a summary;
b. are reflected in the score assigned to the institution's capital adequ
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