Insurers face a more demanding liquidity framework
The draft standard replaces the existing liquidity risk assessment standard with more comprehensive requirements for managing, monitoring, and reporting liquidity risk.
#liquidityrisk
Ithala pulled back from the edge, but its future remains in doubt
The Prudential Authority has withdrawn its liquidation bid after progress on depositor repayments, but Ithala is still unlicensed and cannot resume deposit-taking.
