Banks are facing hefty fines if they do not comply with the forthcoming FSA liquidity reporting requirements established to ensure the effective management of liquidity risk in light of the recent economic crisis. Banks will benefit from the combined technology of the Quadrant Intelligence Centre for Liquidity (Sybase RAP - The Trading EditionTM) as it allows banks to comply with the requirements before they become a financial challenge.

The Quadrant Intelligence Centre for Liquidity (Sybase RAP - The Trading Edition) is a customisable solution for liquidity management which runs on Sybase RAP - The Trading EditionTM, Sybase's high performance, low latency, analytical and data management platform. The solution will help banks to manage liquidity on an intra-day basis and, therefore, assist them in meeting the FSA's new regulatory requirements for liquidity reporting due to take effect in Q4 2009.

Justin Lancaster, UK partner manager, Sybase said, "This partnership has a very simple, yet important benefit to banks - it provides a liquidity reporting regime that will assist them in complying with the new FSA proposals. Many companies are offering banks advice on how they can meet the forthcoming liquidity risk management requirements. Sybase and Quadrant are going a step further and providing an 'out-of-the-box' solution, which allows banks to directly address the regulations in a timely manner."

Paul Lockyear, CEO, Quadrant said, "With the imminent arrival of the new FSA liquidity regulations banks are facing pressure to act quickly to ensure they are fully prepared. With a ready-made solution such as the Quadrant Intelligence Centre for Liquidity, banks will be ready to achieve compliance while requiring minimal technology investment and implementation assistance."