Banking on the FSA

 

What brings this to mind is a recent conversation I had with P.J. Di Giammarino, the CEO of industry think tank JWG-IT (see story, page 4), on the current status of liquidity risk management. When it comes to how national regulators will revamp their regimes to handle liquidity risk, the U.K.'s Financial Services Authority (FSA) has certainly gotten first-mover advantage in setting the performance bar. While most of the other E.U. and U.S. regulators are exploring possible changes, the FSA has

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