It seems that risk management is never far from the minds of the boards of financial institutions at the moment, given the increase in regulatory and client scrutiny of this space in the post-financial crisis environment. In order to meet the slew of regulations on the horizon, firms are being compelled to invest in their risk management systems to keep on top of their exposures, be they credit, market or liquidity related.
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.
The A-Team Group Liquidity Risk Management Directory is a new and first of its kind publication, focusing on the providers of solutions in the complex and demanding area of liquidity risk management. As financial institutions face extensive new requirements in the management of liquidity risk, the directory is intended to provide indispensable assistance in the assessment and selection of solution providers.
A-Team Insight Exchange is a new event series for 2010, which will combine A-Team’s expertise in financial markets IT with thought leadership from world-class technology innovators and practical experience from financial market practitioners.
The Bank for International Settlements’ (BIS) recently published systemic risk paper includes an exploration of the possibility of developing a new systemic risk indicator constructed from real-time financial market data. The aim of the endeavour would be to improve the regulatory community’s ability to measure and stress test systemic risk, thus providing an early warning signal before a market crisis strikes.
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