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New intraday liquidity reporting requirements will need further alignment?
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15 May
2013

New intraday liquidity reporting requirements will need further alignment?

In April, the BCBS announced that internationally active banks would be required to submit intraday liquidity reports to their regulators on a monthly basis.  In their short paper, ‘Monitoring tools for intraday liquidity management’, they set out several measures of intraday liquidity, scenarios for stress testing and a reporting template.  However, there are several major Read More

10 May
2013

The big bang: What happens when risk and data collide?

The face-off between risk and data is coming.  Lack of co-ordination, both between the regulators setting the rules and within the firms implementing them, is on course to result in a messy collision when the two sets of requirements meet. Commonly, the extent of the damage done by the financial crisis has been blamed on Read More

18 Apr
2013

Important step for EDTF: Investors call for banks to adopt recommendations

The work of the FSB’s Enhanced Disclosures Task Force (EDTF) has been taken relatively lightly until now.  But evidence is growing stronger of the effect that disclosures have on investor decisions, including investors making specific requests that their banks take note of the EDTF’s work published last October. Rachel Wolcott, writing for Accelus’ Compliance Complete, Read More

05 Apr
2013

Into the limelight! Risk data aggregation makes headlines

Until now, awareness of BCBS Principles for Effective Risk Data Aggregation and Risk Reporting has largely been confined to a privileged few.  Thomson Reuters has now achieved first mover advantage in the race to the board room with this conversation with an expose of how regulators and firms are moving at different speeds on this Read More

03 Apr
2013

BCBS gives auditors duty to report non-compliance

On 21st March, the Basel Committee on Banking Supervision released a consultation on its upcoming guidance for the external audit of banks. Auditors have been tarred, along with institutions like credit rating agencies, with having a hand in the poor practices that led to the 2008 financial crisis. The BCBS’ guidance is aimed at distancing Read More

22 Mar
2013

G20 regulatory reform: a helicopter view

TSAM is Europe’s biggest annual buy-side conference.  This year, the different streams covered topics including outsourcing, client reporting and communications, and data management.  PJ Di Giammarino, JWG’s CEO, was invited to contextualise the day’s conversations with a presentation on the current state of global regulatory affairs. You can find the slideshow here. The slideshow PJ Read More

22 Mar
2013

Firms to audit BCBS risk data aggregation principles implementation

On 21st March, the Basel Committee on Banking Supervision released a consultation on its upcoming guidance for the external audit of banks. Auditors have been tarred, along with institutions like credit rating agencies, with having a hand in the poor practices that led to the 2008 financial crisis. The BCBS’ guidance is aimed at distancing auditors from Read More

20 Mar
2013

Mirror, mirror: Your risk data aggregation self-assessment

Though it has always been ingrained in the G20 agenda, data has finally come to the fore this year with the release of the BCBS’ Principles for Effective Risk Data Aggregation. Middle and back office professionals in major financial centres now find themselves with a number of difficult questions, which senior management must now be Read More