Liquidity

Defining liquidity risk

When will firms start realising that liquidity risk contains operational risk? David Benyon argues that companies ignore this link at their peril, and looks towards a more all-encompassing approach to its management

Basel rules set to change

Despite the difficulty and cost involved, even banks accept that aspects of the old financial regulatory regime must yield their place and go. Patrick Blum asks industry consultants what Basel II reforms they expect to see in 2010, and how firms can…

Cross-factor challenges

Banks realise the importance of measuring and managing risk on an enterprise-wide basis, but aggregating data across various business lines and obtaining consistent information remains difficult. How are banks responding to the challenge?

The thirst for liquidity

Bank supervisors the world over are set to revise liquidity requirements for financial institutions in a bid to improve financial stability. But the banking community – already struggling under the weight of new regulation – is not convinced the efforts…

Capital punishment?

At a landmark meeting early this month, the Basel Committee will finalise its proposals for a host of measures, including counter-cyclical capital buffers and a leverage ratio. The consultation in early 2010 will be the industry’s last chance to fight…

Information of interest

The flow of information in financial markets on future liquidity risk generates the rise and fall of demand for default-free bonds. Here, Dorje Brody and Robyn Friedman present an approach to pricing these bonds and the associated derivatives, based on…

Locking down liquidity

On October 5, the UK's Financial Services Authority released 09/16, Strengthening Liquidity Standards Policy Statement, the final version of the UK's long-awaited liquidity risk regulation. Carla Mangado explores how this will impact the back office and…

Liquidity mismatch in funds of hedge funds

One aspect of the liquidity crisis which was entirely predictable was the problems at the fund of hedge fund (FoHF) level, says Patrick Fenal, CEO of Geneva-based Unigestion.

Liquidity goes down the drain

Liquidity: investors want it and funds need to provide it. But what this actually means in practice covers a multiplicity of meanings and motivations. Hedge Funds Review finds out what mistakes were made in 2008 and how these can be avoided in future.

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