Liquidity reporting workshops
'We appreciate that for some firms the exact scope, frequency and switch-on date of the reporting requirements is dependent on the outcome of a modification or waiver application. However, we expect that even those firms will have started preparations for liquidity reporting' Jon Pain, Financial Services Authority, Managing Director, Supervision.
We recently published new rules on liquidity which put further requirements on your firm – including providing us with additional data relating to your firm’s liquidity risk.
The table below shows the dates on which the new rules apply to firms:
| Type of Firm | Effective date |
|---|---|
Sterling Stock Banks Non-Simplified Building Societies |
1 June 2010 |
Mismatch Banks Simplified Building Societies |
1 October 2010 |
| Branches Full Scope BIPRU Investment Firms | 1 November 2010 |
We are offering a series of half-day workshops for basic products and advanced products to help you identify the relevant data items, frequency and submission deadlines that apply to different categories of firms at solo, group and whole firm levels. They will also provide you with the opportunity to learn more about the new data items with particular emphasis on worked examples of how to report typical product types. You should attend the workshop most suitable to your firm’s needs and the product types offered by your firm.
Firms who are likely to qualify for the Simplified ILAS regime as described in BIPRU 12.6, will probably find the Basic Products Workshop the most suitable.
Who should attend?
Workshops will be suitable and useful for:
- individuals responsible for liquidity reporting to the FSA within regulated firms, and
- senior managers responsible for review and signoff of regulatory reporting submissions.
Format
Each session will run for approximately half a day. We will welcome participation by delegates and there will be ample time for questions. The presentation format will use demonstrations of worked examples and case studies, to illustrate how to populate the new data items for a progression of products and business lines from the most simple to the most complex. Each workshop will have a maximum of 24 delegates
The Basic Products Workshop will cover the following:
Overview
- Liquidity data items
- Scope of application and the effect of modifications
- Overview of data items
- Importance of timely and accurate information
Populating the data items - retail commercial banking balance sheet
- Memorandum items
- Loans and deposits
- Outright holdings of securities (excluding self-issued securities and whole loans)
- OTC downgrades triggers
Dates and locations
| London | |
|---|---|
| Thursday 4 March | AM only |
Birmingham |
|
| Wednesday 24 February | AM only |
The Advanced Products Workshop will cover both the content of the Basic Products Workshop detailed above PLUS the following:
Populating the data items -
- Derivatives and securitisations
- Ratings downgrades
- Reverse repo (stock lending and borrowing)
- Collateral swaps
- Connected SSPE securitisation ABS and ABCP
- Margined derivatives business
- Free client assets (cash or collateral)
- Margin collateral received
- All downgrade triggers
Dates and locations
| London | |
|---|---|
| Friday 26 February | AM or PM |
Birmingham |
|
| Wednesday 24 February | PM only |
Fee
Basic Products Workshop - £200
Advanced products workshop - £350