HSBC Europe has chosen Financial Architects (FinArch) to deliver its liquidity risk calculation and reporting solution to meet the UK Financial Services Authority (FSA) liquidity risk reporting requirements.
After a thorough examination of the available technologies, HSBC selected Financial Studio from FinArch to deliver systems support for liquidity risk calculation and reporting. The solution provides HSBC with a common data architecture in which to store, manage and enrich data from all parts of the business. Data is enriched through a sequence of calculators, addressing valuations and cash flows, liquidity risk, gap analysis, concentration risk and ratio monitoring.
“We found Financial Studio from FinArch to be the most comprehensive solution in the market for the measurement and reporting of liquidity risk,” said Mike Doherty, head of asset and liability management, HSBC EU. “The solution meets our needs now and is extendible to other domains of liquidity risk management and reporting in other jurisdictions, not only the UK. We have been impressed by the subject matter expertise offered by FinArch and the dedication, professionalism and commitment of their professional services team. The project has been a great success, we delivered on time and FinArch were attentive in meeting all of our needs.”
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.