Forward Looking Regulation
The Bank of England (the Bank) and the Financial Services Authority (FSA) have published a joint paper entitled, The Bank of England, Prudential Regulation Authority – Our approach to banking supervision.
The Bank of England (the Bank) and the Financial Services Authority (FSA) have published a joint paper entitled, The Bank of England, Prudential Regulation Authority – Our approach to banking supervision.
ALMIS International ALM Good Practices seminar was attended by industry experts, regulators, and representatives from over 40 Banks and Building Societies.
Following the letter sent by the FSA to all UK Bank and Building Society CEO’s, ALMIS has carried out extensive research specifically examining the practices of smaller regulated firms.
On the 17th January 2011, the FSA sent a letter to all banking chief executives on what constitutes good practice within ALM. Following the FSA’s recent observations and recommendations, ALMIS International is carrying out further research to find out the views of small to medium size banks.
ALMIS has held a number of successful web meetings with prospective banking institutions overseas, and within the UK.
In this January newsletter, we’ve outlined changes within the company, upcoming events and software developments.
Following a recent seminar, FSA supervisor Jon Pyzer clarified a preference that the FSA Basis Report should be calculated on a net, rather than a gross, basis.
ALMIS International constantly looks at ways to help clients save costs and ease the implementation process. ALMIS has now adopted a modular approach when implementing future ALMIS systems, to make it easier for users to operate the system to its full potential.
Significant cost savings were achieved through a consortium implementation with three financial institutions. Kingdom Bank, Loughborough and Dudley Building Society are all taking on ALMIS and are sharing implementation and training.
FSA Reporting module was released at our user conference on 28 October 2010. This module will help customers comply with regulations and reduce the burden of compliance, whilst enhancing methods of reporting and analysis at the same time.