FRSGlobal’s full liquidity risk solution has been developed in conjunction with a group of financial institutions and it provides customers with solutions for all aspects of the new liquidity regime including: regulatory reporting, stress testing, data management, management reporting and set of standard scenario templates.
Since its inception, FRSGlobal has been closely tracking and analysing the FSA’s UK liquidity regime – feeding back its expertise to the industry as part of its Centre of Risk and Regulatory Excellence (CoR²E).
Mark Piper, VP of UK, Ireland and MEA at FRSGlobal, said: “The effort we put into building our technology with a peer group of institutions, twinned with the fact we had a first-mover advantage by releasing the solution in July 2009, means that our liquidity platform has resonated with the market at large.
“As implementation times continue to shrink, institutions are looking for a proven, tested solution that can actually be ‘touched and felt’. Our template-approach to the stress-testing element of the regime delivers a low-risk, swift implementation with known and demonstrable results which can be presented to the regulator as proof that the institution will be capable of complying with the regulations.
Selwyn Blair-Ford, head of global regulatory policy at FRSGlobal, said: “It is certain that liquidity solutions will be required by all banks across the globe. From my in-depth analysis of both international regulatory discussions and the more country-specific, localised pronouncements, it is clear that the FSA requirements in London are just the tip of the iceberg and I expect to see other regions step up the urgency and demand for liquidity solutions in the very near future.
