Related provisions for BIPRU 12.2.2

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BIPRU 12.2.10GRP
The FSA recognises, however, that it may take time for a firm to build a buffer which is of a sufficient size and quality to help reduce the effect of periods of stress on the firm. In particular, the FSA recognises that the transition from the FSA's liquidity regime in force immediately prior to the BIPRU 12 regime is likely to be a gradual one for many firms. The FSA will seek to agree with a firm an appropriate period of time over which its liquid assets buffer ought to be
BIPRU 1.1.1GRP
1There is no overall application statement for BIPRU. Each chapter or section has its own application statement. Broadly speaking however, BIPRU applies to:(1) a bank;(2) a building society;(3) a BIPRU investment firm; and(4) groups containing such firms.
BIPRU 13.7.6RRP
A firm may treat contractual netting as risk-reducing only under the following conditions:(1) the firm must have a contractual netting agreement with its counterparty which creates a single legal obligation, covering all included transactions, such that, in the event of a counterparty's failure to perform owing to default, bankruptcy, liquidation or any other similar circumstance, the firm would have a claim to receive or an obligation to pay only the net sum of the positive and
GENPRU 1.2.13GRP
This section amplifies Principle 4, under which a firm must maintain adequate financial resources. It is concerned with the adequacy of the financial resources that a firm needs to hold in order to be able to meet its liabilities as they fall due. These resources include both capital and liquidity resources. As noted in GENPRU 1.2.3A G, however, the FSA'srules and guidance in relation to the adequacy of the liquidity resources of a BIPRU firm are set out in BIPRU 12.5
GENPRU 2.1.12GRP
The FSA may impose a higher capital requirement than the minimum requirement set out in this section as part of the firm's Part IV permission (see GENPRU 1.2 (Adequacy of financial resources), BIPRU 2.2 (Internal capital adequacy standards) and INSPRU 7.1 (Individual capital assessment)).