
FSA publishes proposals for liquidity risk standards
Daily news headlines
LONDON - The UK Financial Services Authority (FSA) has issued a consultation paper proposing an overhaul of the UK liquidity regulatory regime through new stress testing and peer comparisons.
The FSA paper, entitled "Strengthening liquidity standards 2: Liquidity reporting" proposes that the regulator's gathering of quantitative liquidity data be granular, frequent, standardised and based on firms' contractual commitments and exposures.
The FSA wants to conduct internal stress testing of "what if?" scenarios and peer comparisons. Firms will need an in-depth understanding of their risk exposures and to manage them much more closely - perhaps daily.
The deadline for responses is July 15, 2009, with a follow-up paper due for issue in summer 2009 and a policy statement on the new regime in Q3 of 2009. The rules and guidance will come into effect in late 2009 for implementation in January 2010.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Risk management
Risk management
Union beckons for the three quant tribes
Studies may be deferred, but future for grads is bright, argues UBS’s Gordon Lee
Receive this by email