About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

FRSGlobal Launches New Liquidity Risk Solution for Compliance with UK’s CP 08/22

Subscribe to our newsletter

Risk and regulatory reporting solution vendor FRSGlobal has launched its new Liquidity Risk solution, aimed at enabling financial institutions to meet the requirements proposed by the UK Financial Services Authority’s (FSA) Consultation Paper (CP) 08/22. According to Thomas Brouwer, product manager at the vendor, the combined risk and regulatory platform meets its customers’ demands for integrated internal and external reporting with features.

Brouwer reckons there will be more regulation along the lines of the FSA proposals from other regulators in the near future. “The events of the past year have highlighted just how inadequate existing liquidity management, measurement and reporting regimes have been. The FSA has been the first to show its cards, but we do not expect them to be alone in imposing stringent liquidity requirements. The financial and political landscape has undeniably changed – regulators across the globe cannot be seen to be lax on liquidity and financial institutions must prepare themselves for a host of associated changes,” he says.

The solution includes nine new regulatory reports for liquidity risk, modules to assist in stress testing and in meeting the regulation’s new data management and management reporting requirements.

The consultation paper has already come under fire from the industry due to the shortened timeframe for implementation, by October this year, and its potentially onerous reporting requirements for small to medium sized institutions.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Best practices for regulatory reporting

Date: 16 July 2024 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Regulatory reporting is a repetitive, time consuming and expensive business. At its best it requires robust data governance, automated data collection and reporting, standardised reporting formats, a centralised reporting system and a means to monitor and review regulatory change....

BLOG

Kensho Integrates Link AI with S&P Cross-Reference Capabilities to Improve Client Data Management

Kensho Technologies, an S&P Global company, has integrated its Link AI solution with S&P Global Market Intelligence’s Business Entity Cross Reference Service (BECRS) to streamline client data management. By combining Kensho Link, a machine learning service that maps entities in a user’s database to unique ID numbers from S&P Global’s company database, and BECRS datasets...

EVENT

RegTech Summit London

Now in its 8th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...