485. To articulate the specific quantitative liquidity requirements appropriately, competent authorities should use one of the following approaches:
1. Approach 1 - require an LCR higher than the regulatory minimum (when such a ratio is introduced by national or EU regulations), of such a size that shortcomings identified are sufficiently mitigated;
2. Approach 2 - require a minimum survival period of such a length that identified shortcomings are sufficiently mitigated; the survival period can be set either directly, as a requirement, or indirectly, by setting a cap on the amount of outflows over the relevant time buckets considered; competent authorities may require different types of liquid assets (e.g. assets eligible for central banks), to cover risks not (adequately) covered by the LCR;
3. Approach 3 - require a minimum total amount of liquid assets or counterbalancing capacity, either as a minimum total amount or as a minimum amount in excess of the applicable regulatory minimum
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