In April 2013, the Basel Committee on Banking Supervision (BCBS) released its Publication 248, ‘Monitoring tools for intraday liquidity management’, aka BCBS 248, mandating that banks comply with seven key intraday liquidity monitoring measures by January 1, 2015, now extended to January 2017.
Although not all banks needed to comply with all the measures, and some flexibility was given to local authorities to vary compliance dates, the message was clear: ignore the rules at your own risk.
Regulators worldwide are now starting to set firm target dates for BCBS 248 compliance and most of these dates fall in 2015 and early 2016. Banks are starting to realize there won’t be a ‘get out of jail’ card – they need to come to grips with BCBS 248, and need to do so quickly.
Dovetail’s BCBS Intraday Liquidity Monitoring Solution will help.
It is a packaged solution for addressing BCBS 248 requirements in time for the compliance deadline, at minimal risk and cost. It offers:
- A fast track to regulatory compliance – weeks not months
- A non-invasive implementation, re-using existing data flows and connections
- Suitability for banks of all sizes, from domestic banks operating through a small number of clearing partners, to correspondent-service providers with multiple direct clearing relationships
- A strategic roadmap to full enterprise liquidity monitoring and management through the deployment of additional components from the Dovetail Transaction Architecture.
In common with all Dovetail solutions, the Dovetail BCBS Intraday Liquidity Monitoring Solution is based on the Dovetail Transaction Architecture.
Common Misconceptions and Their Remedies
Demystifying Intraday Liquidity Monitoring and BCBS 248
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Monitoring tools for intraday liquidity management
Intraday liquidity reporting