... are the benefits likely to outweigh the costs? © Emerald Group Publishing Limited 2004 Banking Financial services Liquidity Risk management Basel II is heading towards the European Union and will hit in 2007 and 2008. The balance sheets of some 7,000 banks in the EU are going to be affected...

... management Balance sheets Risk management Liquidity In 2000, eight years after its inception, the Asset and Liability Management Association ran the first course in the UK on the fundamentals of ALM. The initiative has been warmly welcomed by the profession. It has now evolved into an annual...

...Phil Leverick Leverick, Head of Balance Sheet Management for the Royal Bank of Scotland and a stalwart of the Asset and Liability Management Association, takes a look at the latest situation in the efforts to provide regulation that is intended to bring order to liquidity. Last but not least...

... tools are used by individual banks in conducting day‐to‐day business. Regulators are required to intervene if risk or capital management processes are deemed unsatisfactory. © MCB UP Limited 2003 Banking Liquidity Regulation Risk management The Basel Committee released a third...

... variable, given the relatively robust capital, liquidity and funding profiles of UK banks. Interest has been centered elsewhere, on M&A, credit cycles and consumer/governmental relations. Finally, the supervisors have been raising their game in the risk arena, inclusive of the RATE and ARROW review...

... been avoided. If they had implemented rigorous liquidity risk management structures, the banks would have a clear view of their true position and could have avoided spinning into the vicious circle of a funding crisis. By prioritising interest earnings over value, Japan’s banks have concentrated...

... is the first detailed response from the banking community. It argues for evolution of the rules rather than radical change. © Company 2001 Financial accounting Accounting standards Liquidity Risk management Disclosure Banking The British Bankers’ Association has for some time objected...

...David Clementi As deputy governor of the Bank of England, the author provides an overview of the trends in consolidation of the market before assessing current proposals on the capital adequacy of banks and the new Basel Accord. He expresses concern about the perennial problem of liquidity...

... professionals need to have a deep understanding of the financial markets and of the many lines that their banks will be running. Even then he suggests that liquidity crises are very difficult to predict or control. Let him who desires peace, prepare for war (Vegetius, fourth‐fifth century AD...

... for the growth of the financial markets. Rather than being largely a result of strong demand from risk‐hungry investors, it can be seen more as the outcome of a supply of excess liquidity from corporations. Since the end of the post‐war boom in the 1970s, many companies have found it easier to make a good...

... that the proposals should be abandoned and that the accounting standard setters join with the banking industry to produce improvements in financial reporting. © Company 2001 Financial accounting Accounting standards Banking industry Credit Liquidity Supervision In Balance Sheet, Vol. 8...

... asset management one thinks of securitisation, loan syndication and the use of credit derivative and insurance products. Each product addresses particular issues that may face a portfolio manager from time to time: Securitisation creates liquidity and raises finance against pools of assets...

... out to be far from the violent and instant revolution which people had predicted. © MCB UP Limited 2001 --> Financial institutions Change Liquidity Profitability Asset management Liability The problem for financial service organisations is that change has itself changed...

... the 80-20 rule, is to assume that 20 percent of the deposit balance is highly volatile, while the remaining 80 percent is more stable and therefore stays on the books longer. This simple approach allows one to distribute non-maturity deposits practically into liquidity and repricing gap reports...

...Ross Jones Discusses a talk given by Ross Jones at the UK Asset and Liability Management Association about the effect globalization is having on the increased lack of financial controls. Looks at the history of liquidation and how it was achieved. Further investigates IT and the markets and how...