The Costs of Change
Today's liquidity framework, assessment and reporting will soon be a thing of the past. The UK regulator, the Financial Services Authority (FSA) published the consultation paper (CP) 08/22, Strengthening liquidity standards in December 2008. The consultation period came to a close on March 4, 2009 and the regulator plans to implement the new rules by October 2009. The back office must prepare for what promises to lead to increasing data requirements and pressure on the back office.
The FSA has
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