(a) Notification requirements. A Board-regulated institution must notify the Board no later than
10 business days, or such other period as the Board may otherwise
require by written notice, following the date that any event has occurred
that would cause or has caused the Board-regulated institution’s net
stable funding ratio to be less than 1.0 as required under section
249.100.
(b) Liquidity plan.
(1) A Board-regulated
institution must within 10 business days, or such other period as
the Board may otherwise require by written notice, provide to the
Board a plan for achieving a net stable funding ratio equal to or
greater than 1.0 as required under section 249.100 if:
(i) The Board-regulated institution
has or should have provided notice, pursuant to section 249.110(a),
that the Board-regulated institution’s net stable funding ratio is,
or will become, less than 1.0 as required under section 249.100;
(ii) The Board-regulated institution’s
reports or disclosures to the Board indicate that the Board-regulated
institution’s net stable funding ratio is less than 1.0 as required
under section 249.100; or
(iii)
The Board notifies the Board-regulated institution in writing that
a plan is required and provides a reason for requiring such a plan.
(2) The plan must include,
as applicable:
(i)
An assessment of the Board-regulated institution’s liquidity profile;
(ii) The actions the Board-regulated
institution has taken and will take to achieve a net stable funding
ratio equal to or greater than 1.0 as required under section 249.100,
including:
(A) A plan
for adjusting the Board-regulated institution’s liquidity profile;
(B) A plan for remediating any operational
or management issues that contributed to noncompliance with subpart
K of this part; and
(iii) An estimated time frame for achieving full compliance with
section 249.100.
(3)
The Board-regulated institution must report to the Board at least
monthly, or such other frequency as required by the Board, on progress
to achieve full compliance with section 249.100.
(c) Supervisory and enforcement actions. The Board may, at its discretion, take additional supervisory or
enforcement actions to address noncompliance with the minimum net
stable funding ratio and other requirements of subparts K through
N of this part (see also section 249.2(c)).
