10 December 2016
Visit aciworldwide.com

Data management issues delay liquidity risk progress - Swift

19 August 2011  |  8586 views  |  0 Risk

Data management issues continue to impede the efforts of financial institutions to develop effective strategies for dealing with liquidity risk, according to a survey from Swift.

In an in-depth survey of 40 cash, liquidity and liquidity risk managers at financial institutions around the world, the financial messaging body found six key data-related issues facing the industry.

Of those polled, 93% say they lack a view on intraday cash position across currencies; 91% ready-made liquidity risk analytics and business intelligence; and 89% advanced interactive cash and collateral management functionalities within payments infrastructures.

Meanwhile, 88% say they lack the ability to build predictive positions; 88% an intraday view of unencumbered collateral positions including margin calls; and 82% an ability to manage and report liquidity positions at a firm-wide level.

However, Swift says respondents also think that these problems can be addressed through "collaborative developments" suck as industry best practice for intraday cash reporting and common reporting standards and liquidity monitoring and control standards for use across high-value payments systems.

It also cites the introduction of a standard margin call solution to support the implementation of intraday feeds in liquidity management applications; industry best practice for collateral reporting for liquidity management purposes; and a central "payment tracker/adviser" platform providing transactional statuses.

Luc Meurant, head, banking, supply chain and corporate markets at Swift, says: "The business and regulatory pressure for financial institutions to improve their liquidity risk management cannot be ignored. The industry has to find solutions to data management challenges and, in addition to internal integration projects, the answer lies in collaboration. Industry-level initiatives to address these issues are already starting to appear."

You can read the Swift white paper here:» Download the document now 638.1 kb (PDF File)

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Swift raises Innotribe stakes with $100,000 start-up award

Swift raises Innotribe stakes with $100,000 start-up award

01 August 2011  |  7540 views  |  0 comments
Swift plans business continuity service for RTGS systems

Swift plans business continuity service for RTGS systems

18 July 2011  |  7462 views  |  0 comments
Swift and DTCC score big data management mandates

Swift and DTCC score big data management mandates

12 July 2011  |  12676 views  |  0 comments
Swift launches corporate Iban validation kit

Swift launches corporate Iban validation kit

08 July 2011  |  8122 views  |  1 comments
Banking regulators move to tackle liquidity risk

Banking regulators move to tackle liquidity risk

18 June 2008  |  5789 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comVisit aciworldwide.comVisit contisgroup.com

Top topics

Most viewed Most shared
China tops world fintech rankingsChina tops world fintech rankings
8563 views comments | 39 tweets | 31 linkedin
EBA bends under weight of PSD2 mandatesEBA bends under weight of PSD2 mandates
8172 views comments | 37 tweets | 48 linkedin
Guesswork alone can crack Visa card security - Newcastle UniversityGuesswork alone can crack Visa card securi...
8012 views 12 comments | 15 tweets | 27 linkedin
PSD2 will transform the payments landscapePSD2 will transform the payments landscape
7086 views comments | 23 tweets | 13 linkedin
Fed Governor sounds warning on alternative credit scoring dataFed Governor sounds warning on alternative...
6838 views comments | 20 tweets | 23 linkedin

Featured job

to Six-Figure Base, Commission, Benefits
London, UK

Find your next job