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2018 Pillar 3 Disclosures
Structural liquidity risk
As is the case in the internal capital adequacy assessment process, Cecabank quantitatively
and qualitatively assesses the adequacy of its processes for managing liquidity, and funding and
liquidity risks, for the nature of its activities, its dimension and complexity.
This procedure is aligned with the ICAAP Guidelines published by the Bank of Spain, providing the
basis for drafting the ICLAR, which is presented each year to the supervisory authority.
The evaluation of the liquidity position, as previously described, concludes that the bank has
sufficient resources to guarantee its liquidity position, as well as a suitable framework in place to
control and manage the liquidity risk, as shown in Annex I.
The projection of future funding needs and the stress tests conducted anticipate that the
comfortable liquidity position will continue.
Procedures applied to the
assessment of liquidity adequacy
9 | 9.1