On 9th June, we are holding a Capital Markets Chamber meeting of the Financial Services Club that will debate the motion: "This house believes new liquid architectures will dominate bank's strategic plans from next year onwards".
This debate focuses upon how banks benefit from doing liquidity risk management right, particularly in a post-Lehman world.
Lehman Brothers’ demise shocked the world into taking liquidity risk more seriously. Three days after the bank fell, central regulators agreed to implement a demanding new liquidity risk regime. The UK’s FSA has acted decisively to define a data-hungry and intensive approach.
By following the regime, banks can obtain real business benefits and their boards can sleep easier … but will they?
To answer this, and other questions, the Financial Services Club with our Chair, PJ Di Giammarino of the JWG-IT, have gathered leading luminaries to study the FSA and de Laroisiere rulings.
- Rick Weinstein, former Head of Global Structured Credit, Dresdner Kleinwort
- Andrew Carter, former CRO at Zurich Financial Services and former Head of Group Operational Risk at NatWest
- Don Deloach, CEO, Aleri
who can all be seen talking about this crisis in this short video clip: