We’ve talked a lot recently about the ECB’s latest guidelines on intraday liquidity risk management, and for good reason. To quote Planix’s CEO and Founder, Neville Roberts: “The European Central Bank wrote our user guide !!!” For banks without real-time systems, meeting the new guidelines set by the ECB is going to prove to be more than a challenge. Which is why we’ve broken down the new guidelines into four ways our real-time liquidity management solution, Realiti, can help your bank build a more resilient and efficient liquidity management framework. ✅ Simplify Compliance: Realiti translates the complex requirements of the ECB into actionable, automated processes. ✅ Improve Efficiency: Real-time insights and Realiti’s automation eliminate manual processes and reduce operational risks. ✅ Unlock Strategic Value: Enhanced data visibility and forecasting allow banks to optimize liquidity usage, reduce costs, and improve profitability. ✅ Future-Proof Operations: Realiti equips banks with the tools to adapt to evolving regulatory landscapes and market conditions. Learn more about how Realiti aligns with the ECB’s vision for a resilient banking future through the link in the comments below. #Treasury #TreasuryManagement #Liquidity
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💡 Identify hidden risks and early warning signals of liquidity stress to strengthen resilience and ensure your firm’s viability during a liquidity crisis. 🎥 Watch on-demand: "How to navigate the unpredictable waters of liquidity risk in modern banking" with our featured speakers Evgueni Ivantsov, Pierre Gaudin, Michael Eichhorn. #liquiditymanagement #liquidityrisk #intradayliquidity #realtimeanalytics #atoti #liquiditystress https://lnkd.in/exHq-wmx
⚠️ Are banks prepared for a liquidity crisis that can escalate like an avalanche? In this recent webinar, experts explore the complexities of liquidity risk in modern banking. With leverage and maturity transformation at the center, liquidity risk poses a serious challenge. Our speakers will discuss how market rumors, technology, and regulations can trigger crises that, once set in motion, are difficult to stop. Don't miss this chance to gain valuable insights into managing one of banking’s most unpredictable threats. 🎥 Watch On-demand here: https://lnkd.in/e2Ba_CEi Featured speakers: 🎤 Dr. Evgueni Ivantsov, Chairman, European Risk Management Council 🎤 Dr. Michael Eichhorn, Former Country CEO, Credit Suisse Ireland 🎤 Pierre Gaudin, ActiveViam Join us in person as we continue the liquidity discussions with our clients at our annual events. Explore the agenda and secure your spot today! 🇩🇪 Connect Frankfurt | Oct 15th:https://lnkd.in/ebKHDPap 🇦🇺 Connect Sydney | Oct 24th: https://lnkd.in/eccPfDtG
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Head of Liquidity Optimization non-FMI @ FNA | Developing AI Solutions for Liquidity/ Cash Optimisation | Growth and Customer Success Focus
This week, the ECB released the expected update on managing intraday liquidity risk following SVB and Credit Suisse events in 2023. Here are the key elements 🔑 : 1. Enhanced Risk Management Framework 📋: Clear intraday liquidity risk definitions, covering key drivers and alignment with policies and risk appetite. 2. Strengthened Governance🏛️: Prudent governance involving all defense lines, with regular updates for senior management on liquidity. 3. Improved Forecasting 📊: Precise projections based on payment priorities, enhancing accuracy in cash flow forecasting of Time Sentitive Obligation 4. Real-Time Monitoring Tools ⏰: Real-time visibility across major currencies to identify unexpected liquidity needs, with alerts for quick action. 5. Active Outflow Management 💸: Prioritized payments with structured buffers to ensure timely execution of essential transactions. 6. Defined Liquidity Sources 💧: Clear liquidity sources across currencies, with pre-pledged assets and prioritized usage based on mobilization time. 7. Robust Stress Testing 🛠️: Conservative stress tests across scenarios to assess liquidity needs, with dedicated buffers for stressed conditions. 8. Buffer Calibration 📈: Ensures sufficient buffers for business-as-usual and stress scenarios, with currency-specific separations. 9. Contingency Planning: 🆘: Prepares prioritized intraday funding solutions in adverse conditions for operational stability. 10. IT Integration for Efficiency 💻: Leveraged IT tools for improved monitoring, forecasting, and stress testing to maintain real-time oversight and responsiveness. These practices from the ECB review set a new standard for effective intraday liquidity management across institutions 🔍. #LiquidityManagement #IntradayRisk #BankingInnovation 💡 Curious to see how our ILO solution tackles all these challenges? 📩 PM me or visit our website to book a demo 👉https://lnkd.in/eT255DzS
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Chief Risk & AI Officer. Enabling operational risk management professionals to monitor and manage emerging operational risks (including AI risks), best practices, and loss events.
🏦 ECB consults on governance and risk culture The European Central Bank (ECB) has launched a public consultation on its new draft Guide on governance and risk culture, inviting feedback from banks and stakeholders until October 16, 2024. This initiative aims to replace the 2016 supervisory statement and outlines updated expectations for banks' internal governance. Key highlights include: - Focus on Diversity and Effectiveness: The Guide emphasizes the need for diverse and effective management bodies, a priority for the Single Supervisory Mechanism (SSM). - Clarified Expectations: It details how management bodies should operate, the roles of internal control functions, and the importance of a robust risk culture. - Practical Reference: The Guide serves as a roadmap for banks, incorporating recent updates from the European Banking Authority and examples of best practices. - Ongoing Scrutiny: The ECB will intensify its oversight to ensure banks implement necessary governance improvements, particularly in light of past financial crises. A stakeholder meeting is scheduled for September 26, 2024, to discuss these developments further. This consultation marks a significant step towards strengthening governance standards in the European banking sector. Link - https://lnkd.in/gbZfJe4u #riskspotlight #operationalrisk #operationalriskmanagement #riskculture #riskgovernance #riskmanagement
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𝐈𝐧𝐭𝐫𝐚𝐝𝐚𝐲 𝐋𝐢𝐪𝐮𝐢𝐝𝐢𝐭𝐲 – 𝐅𝐫𝐨𝐦 𝐁𝐚𝐜𝐤-𝐎𝐟𝐟𝐢𝐜𝐞 𝐓𝐚𝐬𝐤 𝐭𝐨 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐏𝐫𝐢𝐨𝐫𝐢𝐭𝐲 Yesterday, the ECB released its paper on sound practices for managing intraday liquidity risk. With the rise of 𝟮𝟰/𝟳 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬, 𝐢𝐧𝐬𝐭𝐚𝐧𝐭 𝐩𝐚𝐲𝐦𝐞𝐧𝐭𝐬, and 𝐬𝐡𝐨𝐫𝐭𝐞𝐫 𝐬𝐞𝐭𝐭𝐥𝐞𝐦𝐞𝐧𝐭 𝐜𝐲𝐜𝐥𝐞𝐬, intraday liquidity risk has evolved from a technical detail to a strategic priority. 𝐖𝐡𝐲 𝐈𝐭 𝐌𝐚𝐭𝐭𝐞𝐫𝐬: Intraday liquidity is about more than payments - it’s about 𝐭𝐫𝐮𝐬𝐭. Delays or mismatches in liquidity flows can ripple across markets, affecting clients and systems. In today’s real-time environment, managing this risk is essential for resilience and confidence. 𝐊𝐞𝐲 𝐄𝐱𝐩𝐞𝐜𝐭𝐚𝐭𝐢𝐨𝐧𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐄𝐂𝐁: ✅ 𝐏𝐫𝐨𝐚𝐜𝐭𝐢𝐯𝐞 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭: Intraday liquidity risk management ensures not just operational continuity but also safeguards market trust. ✅ 𝐑𝐞𝐚𝐥-𝐓𝐢𝐦𝐞 𝐂𝐚𝐩𝐚𝐛𝐢𝐥𝐢𝐭𝐢𝐞𝐬: Advanced monitoring and forecasting tools are critical to managing inflows, outflows, and potential bottlenecks dynamically throughout the day. ✅ 𝐆𝐨𝐯𝐞𝐫𝐧𝐚𝐧𝐜𝐞 𝐄𝐱𝐜𝐞𝐥𝐥𝐞𝐧𝐜𝐞: From Treasury desks to the boardroom, a clear governance framework ensures timely decisions and escalations. ✅ 𝐒𝐭𝐫𝐞𝐬𝐬 𝐑𝐞𝐬𝐢𝐥𝐢𝐞𝐧𝐜𝐞: Establishing separate buffers for business-as-usual (BAU) and stress scenarios ensures preparedness for extreme conditions. 𝘛𝘩𝘦 𝘷𝘪𝘦𝘸𝘴 𝘦𝘹𝘱𝘳𝘦𝘴𝘴𝘦𝘥 𝘢𝘳𝘦 𝘮𝘺 𝘰𝘸𝘯. #Banking #LiquidityManagement #IntradayRisk #Treasury #ECB
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On May 3, 2024, the European Central Bank (#ECB) published its final guide on risk data aggregation and risk reporting (#RDARR). 🛡️ Join Deloitte experts Andris Liepins, Dagnija Bērziņa, and Elena Grigore this Wednesday, 12 June at 11 AM 📅 to explore the core principles and requirements of the guide. 🔗 Sign up now to learn practical strategies for maintaining compliance and enhancing your risk data management: https://deloi.tt/4arULAs. #Deloitte #RiskAdvisory #RiskManagement #banking #webinar
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On May 3, 2024, the European Central Bank (#ECB) published its final guide on risk data aggregation and risk reporting (#RDARR). 🛡️ Join Deloitte experts Andris Liepins, Dagnija Bērziņa, and Elena Grigore this Wednesday, 12 June at 11 AM 📅 to explore the core principles and requirements of the guide. 🔗 Sign up now to learn practical strategies for maintaining compliance and enhancing your risk data management: https://deloi.tt/4arULAs. #Deloitte #RiskAdvisory #RiskManagement #banking #webinar
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On May 3, 2024, the European Central Bank (#ECB) published its final guide on risk data aggregation and risk reporting (#RDARR). 🛡️ Join Deloitte experts Andris Liepins, Dagnija Bērziņa, and Elena Grigore this Wednesday, 12 June at 11 AM 📅 to explore the core principles and requirements of the guide. 🔗 Sign up now to learn practical strategies for maintaining compliance and enhancing your risk data management: https://deloi.tt/4arULAs. #Deloitte #RiskAdvisory #RiskManagement #banking #webinar
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🚨 New ECB Paper Alert: Sound Practices for Managing Intraday Liquidity Risk - November 2024 🚨 It provides a comprehensive framework based on insights from recent financial stress events, including the 2023 Credit Suisse collapse, and technological advancements like 24/7 payments. 📌 My View: This paper is a timely and thorough guide (all packed in just 13 pages!!), a must-read for those in treasury risk. It reinforces best practices and offers an excellent foundation for building resilient, forward-looking intraday liquidity risk management strategies, policies, and frameworks. 📌 Here's a quick summary of the principles covered: 1. Risk Management Framework: Defines intraday liquidity risk with a clear taxonomy, roles, and a risk appetite aligned with firm-wide policies. 2. Governance: Emphasises a strong, three-line defence model with structured escalation protocols and stress-testing oversight. 3. Forecasting: Provides tools for projecting intraday cash flows and prioritising critical time-sensitive payments. 4. Monitoring: Advocates real-time monitoring tools and alerts to manage unexpected liquidity needs across all currencies. 5. Managing Outflows: Establishes a payment priority framework (payment ladder) to ensure timely handling of obligations and an adaptable response in stressed conditions. 6. Sources of Liquidity: Identifies reliable liquidity sources with tested mobilisation times, especially during stress scenarios. 7. Stress Testing: Requires detailed stress scenarios covering both idiosyncratic and market-wide risks, with daily recalibration for critical currency buffers. Happy reading. #intradayliquitity #liquidityrisk #treasuryrisk #ecb #bcbs
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Senior Financial Services Executive | Group Treasurer | CFO | COO | Board Member | Capital Markets & Trading | Strategic Advisor | Financial Resources Expert
Liquidity Risk Update 💧📊 Back in August, we spotlighted how liquidity regulation and supervision for banks are increasing – but with uncertainty surrounding the path forward. Just a few weeks later, the Basel Committee on Banking Supervision (BCBS) released a progress report on the topic, shedding further light on the potential direction of travel. While still light on specifics, the report underscores the importance for banks to understand their own specific liquidity risk and demonstrate true ‘crisis’ readiness. With thanks to Aidan Horvath and François Franzl, this Oliver Wyman Treasures focuses on our summary of the report's key takeaways and what it means for banks and liquidity managers. 📈🔍 Read on and let us know if you have any comment or question. Oliver Wyman Marcel Kikiernicki Gokce Ozcan Jai Sooklal Eric Czervionke Klaus Hoelzer Ronan O'Kelly Elie Farah
https://www.planixs.com/blog/achieving-ecb-compliance-with-realiti-intraday-liquidity-management/