463. Competent authorities should determine through the SREP liquidity assessment whether the liquidity held by the institution provides appropriate coverage of the risks to liquidity and funding assessed in accordance with Title 8. Competent authorities should also determine through the SREP liquidity assessment whether it is necessary to set specific liquidity requirements to cover risks to liquidity and funding to which an institution is or might be exposed.
464. Competent authorities should consider the institution's liquidity buffers, counterbalancing capacity and funding profile, as well as its ILAAP and arrangements, policies, processes and mechanisms for measuring and managing liquidity and funding risk, as a key determinant of the institution's viability. This determination should be summarised and reflected in a score based on the criteria specified at the end of this title.
465. The outcomes of the ILAAP, where applicable and relevant, should inform the competent authority's
…