Thomson Reuters Enhances Risk Platform for Regulatory Reporting Requirements
Thomson Reuters has enhanced its risk management platform to help financial institutions meet the Financial Services Authority (FSA) proposed liquidity reporting requirements. These regulations, as envisaged by the FSA in CP09/13, require UK financial institutions to periodically report their firm-wide liquidity levels and perform stress tests to identify funding gaps. They will likely come into effect later this year.
Thomson Reuters TopOffice Risk Management solution provides financial institutions market proven, holistic risk management framework to aggregate and manage risk exposure across both the banking and trading books on a real-time basis. The Liquidity Management module has been enhanced to meet the current as well the new FSA reporting requirements including those proposed in CP09/13.
Andrew White, global head of risk management, Thomson Reuters, said: “Financial institutions are under extreme pressure to demonstrate that they are measuring and managing their liquidity risk. These new regulations, which are likely to be mirrored globally, leave firms little time to comply. TopOffice is a proven solution that can be rapidly deployed by any financial institution to meet the mandated FSA timeframe”.