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 Events combine A-Team's expertise in financial markets IT with thought leadership from world-class technology innovators and practical experience from financial market practitioners. In 2011, a quality constituency will once again gather for these focused events in London and New York City.
It is not just the regulators that are mad keen on stress tests as the risk management tool du jour, institutional investors and asset managers are also convinced of their benefit for the future, according to a recent survey by vendor MSCI Barra. Although the majority of the pension funds and asset managers that took part in the survey do not currently run risk related stress tests, many are planning to do so in the next year or so.
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