Following on from its “Dear CEO” letter sent out earlier this month (see our coverage here), the UK Financial Services Authority (FSA) has added new stress testing guidelines to its website and confirmed that five firms are currently participating in the liquidity reporting testing process. The regulator seems bent on truly hammering home the urgency of compliance with its liquidity risk reporting regime requirements, which came into force in December, via the mantra ‘tell them, tell them and tell them again’.

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