Liquidity Risk Compliance: a Liability or an Opportunity?
The pressing importance of Basel II liquidity regulation was again highlighted in January. In the UK, the FSA sent letters to the CEOs of 2,800 firms, giving them one month to confirm they have taken measures to comply with the new liquidity reporting regime. Basel II requires banks, building societies and some investment firms to allocate sufficient capital to mitigate credit risk, operational risk and market risk. The new framework aims to create a more risk-sensitive approach, and demands
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