Rule Financial’s new white paper ‘The Liquidity Gap’ claims that the banking industry is missing an opportunity by making compliance an end in itself.
It argues that where banks have invested in a complete review and overhaul of their liquidity controls and systems, adopting dynamic, proactive management of their resources, they’ve been able to achieve a genuine competitive advantage, profiting substantially from their optimised processes.
During one review, an unnamed major investment bank discovered a staggering US$14bn of unused collateral it was subsequently able to put back to work.
David Goucher, a former banker who leads Rule Financial’s liquidity management practice, said: “While the liquidity crisis may be over, the storm hasn’t passed. Prices are still above pre-crisis levels and there is a serious possibility of a further liquidity event. Many banks have appreciably improved their liquidity reporting capabilities and are able to comply with the FSA reporting requirements, but few have significantly enhanced their internal liquidity and collateral management capabilities.”
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more