Liquïditeitsrisico

Liquïditeitsrisico, also known as liquidity risk, refers to the risk that an entity will be unable to meet its financial obligations as they become due. This can arise from either a lack of sufficient cash or readily convertible assets, or from an inability to access funding at a reasonable cost. Essentially, it's the danger of not having enough liquid funds to pay debts or operational expenses.

There are two primary types of liquidity risk. Funding liquidity risk is the risk of not being able to raise sufficient funds to meet obligations, which can be exacerbated by market conditions or a deterioration in the entity's creditworthiness. Market liquidity risk, on the other hand, is the risk of not being able to sell an asset quickly enough at a reasonable price to convert it into cash. This can occur when there are few buyers for a particular asset or when market trading volumes are low.

Institutions, such as banks and corporations, actively manage liquidity risk through various strategies. These include maintaining adequate cash reserves, establishing committed credit lines with other financial institutions, diversifying funding sources, and holding a portfolio of marketable securities that can be easily sold. Effective liquidity risk management is crucial for financial stability, as a widespread inability to meet obligations can lead to systemic crises. Regulators often impose liquidity requirements on financial institutions to mitigate these risks.