The new FSA Requlations and what they mean
The end of Q1 2010 is a very significant milestone for financial institutions operating in the UK. The FSA is proposing a far reaching regime for measuring and managing liquidity risk. However, the FSA proposals go beyond just regulatory reporting. They require a liquidity risk framework to be implemented that is a strategic part of the business.
To meet the FSA requirements firms must implement and have in place a system in Q1 2010 that can take-on large volumes of data, perform stress scenarios, have the ability to drill down to the lowest level to identify the sources of risk and potentially deliver this information “next day.”
The key to satisfying the FSA’s requirements – and guaranteeing the overall liquidity level of a firm – is to be able to get to the detail of the underlying transactions and potential funding requirements in stress conditions. However this is no easy task. Multiple decision-makers, business units and systems have created enormous complexity.
Thomson Reuters TopOffice not only meets current as well the new FSA reporting requirements, it also provides the liquidity risk management tools that will enable firms to make necessary sound business judgments. It is a market-proven, holistic risk management framework for intra-day aggregation and management of risk exposure across both the banking and trading books.
Features and Benefits
- A single enterprise-wide view of a banks performance across the entire balance sheet including market, credit and liquidity risk
- Intra-day analysis of global liquidity risk exposures with drill-down capabilities
- Ability to perform stress testing as well as scenario analysis to indentify sources of potential liquidity gaps
- Consistent risk and P&L views across multiple front office and data sources
- Pre-defined reports and pre-configured templates to speed implementation
- Robust data integration and data management capabilities
TopOffice Liquidity Risk is powered by a Common Data Model (CDM) and single database environment, ensuring performance and interoperability with all other Thomson Reuters, and 3rd party systems supporting a bank's trading and banking operations.
Thomson Reuters has introduced a series of Liquidity Risk Management webinars to keep our clients up to date with the new liquidity reporting regime being proposed by the FSA.
Past webinars:
- Liquidity Risk - Scenarios and Stress Testing: 26th August 2009
- Liquidity Risk - Understanding the New FSA Requirements: 1st July 2009
Thomson Reuters has introduced a series of whitepapers to keep our clients up to date with the new liquidity reporting regime being proposed by the FSA.
- Liquidity Risk, The Ultimate Operational Risk (August 2009)PDF
- Liquidity Management: A Time for Action (July 2009)
Thomson Reuters plans to introduce a series of events to keep our clients up to date with the new liquidity reporting regime being proposed by the FSA.
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