3 Regarding liquidity, the Board and FDIC expect a U.S. G-SIB to appropriately estimate and maintain sufficient liquidity for material entities, an expectation known as Resolution Liquidity Adequacy and Positioning, or RLAP.
4 RLAP expectations are intended to be designed so that liquidity is not “double counted” among home and host jurisdictions, to provide transparency into the location of liquidity across the firm’s material entities, and to ensure that liquidity can flow where needed with minimal potential disruption.