480. CompetentFor authoritiesArticle113(1)(b) should assess whether the institution has appropriate arrangements for the governance and management of liquidity and funding risk. For this assessmentDirective2013/36/EU, competent authorities should takeconsider into‘matters’ account:
a.to whetherbe thesignificant management body approves the governance and/or policies‘findings’ forto managingbe liquiditymaterial andat fundingleast risk and discusses and reviews them regularly;where:
ba. whetherspecific seniorquantitative managementliquidity isrequirements responsibleare forproposed developingby andcompetent implementingauthorities; the policies and procedures for managing liquidity and funding risk;/or
cb. whethermeasures seniorother managementthan ensuresspecific thatquantitative theliquidity decisionsrequirements of the management body are monitored;
d.proposed whetherby thecompetent liquidityauthorities and funding risk management framework is internally coherent and ensures ILAAP is comprehensive, and is well integrated into the institution’sscore widerassigned riskto management process;
e. whether the policies and procedures are appropriate for the institution, taking into account its liquidity risk appetite; and
f./or whetherfunding therisk policiesadequacy andis procedures‘3’ areor properly defined, formalised and effectively communicated throughout the institution‘4’.