A选项

问题如下：

Which of the following statements about the “Liquidity Risk Management of Financial Institutions” is NOT correct?

选项：

A.

For commercial banks, Fragility can be mitigated through higher capital, which reduces depositors’ concern about solvency, the typical trigger of a run, and higher reserves, which reduces concern about liquidity.

B.

If one hedge fund has unused borrowing capacity on pledged assets to finance additional positions, it means that it does not have the funding liquidity risk.

C.

In a systemic risk event, many hedge funds that had not experienced large losses could receive redemption requests from investors who were themselves seeking liquidity.

D.

For commercial banks, keeping certain ratios of ready cash and readily marketable securities can help to meet unusual demands by depositors and other short-term lenders for the return of their money.

解释：

考点：对Liquidity Risk Management of Financial Institutions的理解

答案：B选项描述错误，本题选B

解析：

B选项错误，即便拥有Unused borrowing capacity，依然有可能面临Funding liquidity risk，因为承诺提供Borrowing的机构可能会提高Haircut，或者会拒绝Hedge fund提供的Collateral，在这种情况下Unused borrowing capacity很有可能无法兑现。