FRSGlobal

FRSGlobal breakfast meeting on Liquidity and ALM in Hong Kong

Recent announcements from Hong Kong Monetary Authority (HKMA) confirm that they will support the objective of the Basel III reform package to strengthen the resilience of the banking sector against cyclical economic shocks and fully implement the reform package in Hong Kong.

In preparation for this, we are offerd the opportunity to come and join us at our FRSGlobal breakfast meeting, held on the 5th July 2011 at the JW Marriott Hotel in Hong Kong.

Here our Head of Global Regulatory Policy, Selwyn Blair-Ford, from FRSGlobal gave a presentation on:

• Impact of Basel III liquidity requirements
• Asian liquidity vs. Financial Services Authority (FSA)
• Liquidity measures across Asia
• Ratios, Modelling techniques and more
• Lessons learnt from the UK

Following Selwyn, we were delighted to welcome Eugene Lim, Head of Risk for Asia Pacific & Japan, from FRSGlobal who provided an overview of the key benefits of our RiskPro solution supported by a product demonstration from Sheldon Goh, Regional Solutions Manager, FRSGlobal.

As the full impact of the regulatory framework is still being analysed, it is understood that there might be updates and changes along the way. The old ways of viewing risk management in solo and maintaining large teams to support in-house solution, is no longer feasible and cost-effective. Banks will need to have a robust integrated risk and regulatory reporting system, designed with the capability to meet the dynamic global regulatory reporting requirement.

The seminar will be particularly relevant to senior executives responsible for managing financial information, compliance, regulatory reporting and risk management for financial institutions operating in Oman.

FRSGlobal part of Wolters Kluwer Financial Services Limited is a leading worldwide provider of compliance and risk management solutions for the financial services industry.