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Protecting your assets
Financial Services in Uncertain Times
The market turmoil once again illustrated the importance of liquidity to the proper functioning of financial markets and the banking sector. The financial crisis also demonstrated how quickly liquidity can evaporate, whether as a consequence of materialized reputational damage, of a framework that insufficiently accounted for the liquidity risks posed by individual products or incentives at the business level that were misaligned with the overall risk tolerance of the financial institution. Liquidity and capital management are to be revisited and and much is to be saved by good collateral management, managing non-performing loans (and credit expenses in general) and claims assessment.