BBA Liquidity Conference London - “Are you ready to comply with the FSA's latest liquidity requirements?”
| Date : | This event took place on 22nd April 2010 |
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FRSGlobal is proud to be sole sponsor of the British Bankers’ Association Liquidity Conference in London on 22nd April 2010.
The BBA, leading association for the UK banking and financial services sector that represents 223 banking members from 60 countries on the full range of UK or international banking issues, hosyed this event at its headquarters in Pinners Hall.
The conference asked “Are you ready to comply with the FSA's latest liquidity requirements?”
The aim of the conference was to examine the latest regulatory requirements, liquidity reporting, implementation of the new guidelines, and will place particular emphasis on Individual Liquidity Adequacy Assessments (ILAAs), which firms must now complete as part of the FSA’s regime.
The new sets of liquidity reports will provide the FSA with far more detailed information than the current liquidity returns and because banks are now expected to report their liquidity data on a weekly or even daily basis in times of crisis, meeting the new requirements will be a huge challenge for all firms across the industry.
FRSGlobal’s Selwyn Blair-Ford, Head of Global Regulatory Policy presented “The New Liquidity Regime - Dealing with the practicalities” at the event. In it, he covered the following points:
- How some firms have approached the new liquidity regime
- Liquidity and other regulatory initiatives: tactical vs. strategic approach
- The information requirements for internal and external reporting
- The confusion between FSA reporting and internal liquidity management
- The cost of modifications, waivers and taking a simplified approach
- What needs to be considered when planning effective liquidity reporting
Additional presentations on the day’s agenda included:
- Quantitative and regulatory requirements
by Mark Sinclair, Senior Risk Specialist, Financial Services Authority - International framework for liquidity risk measurement, standards and reporting
by Mike Gregory, Head, Group Treasury, Europe, Standard Chartered Bank - Individual Liquidity Adequacy Assessments
by Richard Andrews, Director, Financial Services Assurance Services Group, KPMG - Getting Liquidity Reporting Right
by Rob Astrop, Head of Group Liquidity Reporting, Royal Bank of Scotland - Implementing the regulations
by Simon Chatterton, Director, Liquidity Management, Barclays
With opening and closing comments from:
- Tim Buenker, Policy Advisor, British Bankers' Association
