In their mission to free the financial world of systemic risk, the Basel Committee on Banking Supervision (BCBS) requires banks to send a detailed report to their regulator on a monthly basis about the intraday liquidity flows for every country and currency in which they operate. By January 2017, all internationally active banks must comply with the BCBS 248 monitoring requirements, so banks are fully engaged in finding and installing solutions.
Deutsche Bank chooses SWIFT Scope solution
SWIFT Scope has been named by Deutsche Bank Global Transaction Banking (GTB), a global services provider to other financial institutions, as the preferred solution for intraday liquidity reporting requirements.
"The Basel Committee on Banking Supervision requirements aim to enable banking supervisors to monitor a bank’s management and intraday liquidity risk and our clients are looking for data to support active liquidity management. SWIFT Scope provides an excellent Intraday Liquidity Management solution to meet these requirements," says Andreas Hauser from Institutional Cash Management, GTB at Deutsche Bank.
SWIFT Scope is a flexible, automated, end-to-end business intelligence solution which can be tailored to collect and consolidate data, and provide the analysis required to effectively monitor and report intraday liquidity flows.
SWIFT Scope supports compliance with the Basel Committee on Banking Supervision’s (BCBS) requirements for banks to send a detailed report to their regulator on a monthly basis about the intraday liquidity flows for every country and currency in which they operate.
Also SWIFT Scope can help financial institutions to look beyond regulatory compliance and harness intraday liquidity reporting as a powerful business tool to support active liquidity management.
CTMfile take: As the banks understand their intra-day liquidity more fully they will be able to calculate precise cost of the liquidity they provide. Then they will be able to charge correctly. In today’s low interest, low income world, they surely will.
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