Banks shall define the degree of liquidity risk which they are prepared to take on (liquidity risk tolerance).
They shall define liquidity risk management strategies consistent with their liquidity risk tolerance.
They shall take into account their liquidity costs and risks for all material on- and off-balance sheet business, in particular when setting prices, introducing new products and measuring revenue. They shall ensure a balanced relationship between risk incentives and liquidity risk exposure in accordance with the defined liquidity risk tolerance.