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Webcast:Strengthening Liquidity Standards
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Article by Hannah Spencer, Funds-Axis Limited
Monday 7th December 2009
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 UK Focus: Liquidity
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In October, the FSA published Policy Statement PS 09/16 Strengthening Liquidity Standards. This came into force on 1 December 2009, although with transitional arrangements.
Whilst investment firms will generally be outside the scope of the "ILAS" regime, all firms will need to meet certain standards (now set out in BIPRU 12.3 and 12.4) in respect of their liquidity risk management, stress testing and contingency funding plans (CFPs).
We have also created a webcast, summarising the key issues, click here to view the webcast.
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