Calypso adds function to tackle new UK liquidity rules
SAN FRANCISCO – Calypso released an upgraded version of its front-office system, Calypso Workstation, on January 31, to account for UK Financial Services Authority (FSA) liquidity regulations that became effective last December.
The new rules, which were published on October 5, 2009, take a tougher stance on liquidity requirements for banks. The rules include an updated quantitative regime coupled with a narrow definition of liquid assets; overarching principles of self-sufficiency and adequacy
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