BANK 3.3.7 Authority can require other matters
Despite anything in these rules, the Regulatory Authority may require a banking business firm to have capital resources, comply with any other capital requirement or use a different approach to, or method for, capital management. The authority may also require a firm to carry out stress-testing at any time.
Note Under FSR, article 16, the Regulatory Authority may modify or waive the application of a prudential requirement to an authorised firm or firms.
|Derived from QFCRA RM/2014-2 (as from 1st January 2015).|