In the News
The Banker, May 2011: New UK liquidity rules set to have global repercussions
Some have opted to partner with specific vendors to be able to meet the onslaught of regulatory reporting requirements. Sumitomo Mitsui Banking Corporation Europe (SMBCE), for example, chose FRSGlobal’s platform. “With such tight time frames for implementation, we quickly realised time was of the essence for this project,” says Keith Haylock, assistant general manager at SMBCE. “Years ago, when the FSA only required three prudential reports, it would have been possible to handle this internally. But we knew the number of reports would rise to more than 500 with the new liquidity requirements, and the potential opportunity cost to a firm that cannot demonstrate adequate liquidity management and controls is significant.”
Read the full article here, courtesy of the The Banker (subscription required) »
ABA Banking journal, April 2011: A check up for risk
Community banks also need to be sure they stress-test frequently enough. “Most of the smaller banks use core banking systems” Says Andrew Leigel, Vice President FRSGlobal. “What they get is an extract at the end of the month – a quick Polaroid. But what if they decide to lower interest rates mid-month to match a competitor?” They would be better off, he says, if they could take a daily look at some of the stresses they’ve created.
Read the full article here, courtesy of the ABA Banking journal »
gtnews, 21st April 2011: Diversification: A Forgotten Risk
In the first post of a new monthly regulation blog on gtnews, Selwyn Blair-Ford, contributing editor and head of regulatory policy at FRSGlobal, part of Wolters Kluwer Financial Services, discusses the importance of diversification in today's risk-based regulatory world.
Read the full article here, courtesy of gtnews (subscription required) »
A-Team Group, 18th April 2011: Liquidity Risk Regulation: Data Quality Under the Microscope
FRSGlobal’s Selwyn Blair-Ford reckons that the UK’s experiences and the learning curve thus far will feed into the global debate. “Globally, Basel III and the other liquidity regimes have benefitted from the experiences of the UK regulator and UK-based firms. Careful reading of the Basel III requirements show plenty of cases where the FSA’s influence is evident - one cannot help but note that if a solution fits the UK regime it will - in the main - fit requirement of the regulators as far flung as Australia and Canada,” he says.
Read the full article here, courtesy of the A-Team Group (subscription required) »
Financial Times, 12th April 2011: Browser-based security for financial services industry
The Financial Times reports on FRSGlobal's new web-based technology
Read the full article here, courtesy of The Financial Times (subscription required) »
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