The UK Financial Services Authority (FSA) may have put its stake in the ground as the first regulator to tackle the tricky issue of liquidity risk reporting, but it has not gained a first mover advantage, said the majority of attendees to the FS Club’s November meeting in London last week. Audience members indicated that they believe the FSA may have been too hasty in its decision and this could have serious consequences for firms rushing to meet the December deadline for the systems and controls aspects of the new regime.

Want to know what we have to say about this? Get free access to this and more stories by signing up for a free trial (or free access if you work at a financial institution) with no obligation below, or login if you’re already a member

Existing Users Login

Free User Registration

To create a free user account which grants you access to this and other free resources on A-Team Group sites, fill out and submit the form below (you will receive an email with your temporary password).