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Event : This house believes that payments infrastructure risk has been largely forgotten. A debate about whether the payments infrastructure is up to the new risk management standards
On : 11 May 2010
More information : This house believes that payments infrastructure risk has been largely forgotten
A debate about whether the payments infrastructure is up to the new risk management standards
11 May, London 18:00, London EC2
Item 56 of the G20’s action plan called upon the Basel Committee to study the need for, and help develop, firms’ stress testing models and methodologies. The UK has pushed forwards with liquidity risk stress testing (PS09/16), reverse stress testing (PS09/20) and recovery and resolution plans. The FSA have given 16 July as the deadline for naming a contact point for the firms’ plans.
Firms are being asked to describe their overall stress testing framework, methodologies and senior management involvement. At this debate we will discuss the implications for the payments system and infrastructure:
- Are payments infrastructure risks being considered?
- Are the UK standards ahead of other jurisdictions? Are central banks aligned?
- How formalized is the management of intraday payment scheduling today – is it good enough?
- What parts of the payments systems are a problem and for whom (e.g., cash vs. securities)?
- What does this mean to the data quality and systems within banks, are they ready for the new standards?
Come and join the discussion, with an expert panel comprising of:
- Harry Newman, Managing Director, SWIFT London
- Paul Smee, Chief Executive, UK Payments Council
- Simon Bailey Director, Payments and Transaction Banking, Logica
- Chris Dunne, strategy director for Transaction Services at VocaLink
You will have the chance to debate the house view under the Chatham House Rule. The panel will be chaired by Capital Markets Chamber leader, PJ Di Giammarino, CEO of the regulatory think-tank, JWG.
The session will be followed by drinks, canapés and networking.
Attendance is £95 for non-members of the FS Club. Click here to register
You can download the presentation here
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