Thomson Reuters Addresses New FSA Requirements By Kerry Massaro May 11, 2009 URL: http://www.advancedtrading.com/showArticle.jhtml?articleID=217400124

Thomson Reuters has enhanced its risk management platform to help financial institutions meet the Financial Services Authority proposed liquidity reporting requirements. These regulations as envisaged by the FSA in CP09/13, which will likely come into effect later this year, require UK financial institutions to periodically report their firm-wide liquidity levels and perform stress tests to identify funding gaps, according to a company release.

Thomson Reuters TopOffice Risk Management solution provides financial institutions market proven, holistic risk management framework to aggregate and manage risk exposure across both the banking and trading books on a real-time basis.

The TopOffice Liquidity Management module has been enhanced to meet the current as well as the new FSA reporting requirements including those proposed in CP09/13. The solution is built on a scalable architecture with a powerful data integration engine, allowing it to connect quickly and economically to a bank's existing data sources, including front-offices, legacy systems, models, feeds and risk engines, the release states.

Andrew White, Global Head of Risk Management, Thomson Reuters, said in the release: "Financial institutions are under extreme pressure to demonstrate that they are measuring and managing their liquidity risk. These new regulations, which are likely to be mirrored globally, leave firms little time to comply. TopOffice is a proven solution that can be rapidly deployed by any financial institution to meet the mandated FSA timeframe".

Thomson Reuters risk solution not only covers all aspects of the newly proposed regulation but also provides: