467. To assess whether the liquidity held by an institution provides appropriate coverage of risks to liquidity and funding, competent authorities should use the following sources of information:
a. the institution's ILAAP;
b. the outcomes of the assessment of liquidity risk;
c. the outcomes of the assessment of funding risk;
d. the outcome of the supervisory benchmark calculation; and
e. other relevant inputs (from on-site inspections, peer group analysis, stress testing, etc.).
468. Competent authorities should consider the reliability of the institution's ILAAP, including metrics for liquidity and funding risk used by the institution.
469. When assessing the institution's ILAAP framework - including, where relevant, internal methodologies for the calculation of internal liquidity requirements - competent authorities should assess whether ILAAP calculations are:
a. credible: whether the calculations/methodologies used properly cover the risks they are looking to address; and
b. under
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