Data management issues are hampering financial institutions’ efforts to build effective strategies for dealing with liquidity risk, according to a survey by financial messaging network Swift, Finextra reports. Of the 40 cash, liquidity and liquidity risk managers surveyed, 93% said they lacked a view on intraday cash position across currencies and 91% said they did not have ready-made liquidity risk analytics and business intelligence.
About 88% respondents said they lacked the ability to build predictive positions and 82% said they are unable to manage and report liquidity positions at a firm-wide level. Respondents felt these issues could be handled by industry best practice for intraday cash reporting and common reporting standards.
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