9.7 Notification about liquidity concerns

(1) A Bank must ensure that its Governing Body and senior management are informed immediately of new and emerging liquidity concerns.

(2) The Bank must notify the AFSA of any significant concerns that the Bank may have about its current or future liquidity. In particular, the Bank must immediately notify the AFSA if the Bank experiences a severe liquidity stress. The notice must describe any remedial action taken, or planned, to address the concerns or liquidity stress.