xmlui.ArtifactBrowser.SimpleSearch.filter.source:Scientific papers of the University of Pardubice. Series D, Faculty of Economics and Administration. 17 (2/2010)
ISSN:1211 – 555X
Abstract:
Liquidity risk management ranks to key concepts applied in finance.
Liquidity is defined as a capacity to obtain funding when needed, while liquidity risk
means as a threat to this capacity to generate cash at fair costs. In the paper we
present liquidity market support during the global crisis in the 2007-2009 period and
related regulatory challenges. We see five main regulatory liquidity risk management
issues requiring revision in coming years: liquidity measurement, intra-day and intragroup
liquidity management, contingency planning and liquidity buffers, liquidity
systems, controls and governance, and finally models testing the viability of business
liquidity models.