London, United Kingdom, December 12, 2009 --(PR.com
)-- Experts from Lombard Risk and their industry partners will discuss the FSA requirements for local, whole-firm, firm-wide and group-wide management of liquidity and review the factors to consider when applying for modifications. The workshop provides the forum to conduct peer group discussions about modification requirements, stress testing and liquidity reporting and in particular, what you will need to be granted a modification - and indeed if you should apply for a modification at all.
“We have assembled a strong team of FSA reporting and liquidity risk experts from within Lombard Risk and our industry partners to host what will be a meaningful discussion about modifications to the FSA self-sufficiency rules, stress testing and reporting”, said John Wisbey, Chairman and CEO of Lombard Risk.
“The FSA is first-mover regulator, leading the changes to how liquidity risk is governed, controlled, and managed. We believe that as the UK’s leading regulatory reporting provider we have an obligation to do our part to help the financial industry gain a greater understanding about the new liquidity stress testing and regulatory reporting requirements to stay in compliance with all directives as they arise,” Wisbey added.
“We know there are unique challenges for all regulated firms in the UK to determine the best road to liquidity risk and regulatory reporting compliance. We are extremely pleased to host our Lombard Risk Liquidity Risk seminar series so that we can share our risk and regulatory reporting expertise and open a dialogue between financial institutions to foster the sharing of their challenges, experiences and skills, and to find and deliver solutions that provide the best regulatory compliance approach.”
Lombard Risk, along with their business partners, invites you to attend this informative industry forum to help clarify FSA requirements and assist firms in the UK achieve best regulatory practice. The discussions will be led by Tim Buenker, Policy Advisor British Bankers Association; Nigel Walker, Head of Liquidity Risk Practice, avantage (UK) Limited and Dr. Lee Wakeman, Chief Risk Officer, Lombard Risk.
The subjects include:
· Modifications: Solo, Default or UK DLG, which way to go? Stay self-sufficient or go whole firm? If whole firm, what will you need to prepare for the FSA?
· A close up look at stress testing: Is your checklist complete? Indeed, can you use a checklist? If head office is doing the stress testing, will that be good enough for you?
To register your participation and find out more about the agenda go to Complimentary Breakfast Briefing & Roundtable Workshop.
About Lombard Risk
Lombard Risk is one of the world’ recognized leading providers of collateral management and regulatory compliance solutions to financial organizations and large corporations around the world. Our award-winning global solutions enable the financial industry to improve the management of counterparty risk, collateral risk, trading risk, liquidity management, financial crime detection, and global regulatory reporting. Founded in 1989, and headquartered in London,
Lombard Risk has worldwide offices in New York, Shanghai, Hong Kong, Singapore and Johannesburg. Our clients include numerous banking businesses including over 20 of the world’s top 50 financial institutions, nearly half of the 340+ banks operating in the UK, as well as several industry leading investment firms, asset managers, hedge funds, fund administrators, and large corporations worldwide.
John Wisbey, Chairman & CEO
Tel: +44 20 7089 3700