SWIFT selected for intraday liquidity reporting
20 July 2016 Brussels
Image: Shutterstock
Deutsche Bank global transaction banking has selected the SWIFT Scope solution for intraday liquidity reporting.
The solution will support compliance with the Basel Committee of Banking Supervision (BCBS) 248 requirements for banks to submit detailed reports on intraday liquidity flow in every country and currency they operate in. All banks will have to comply with BCBS 248 by January 2017.
However, according to SWIFT, the SWIFT Scope solution can also encourage use of intraday liquidity reporting for active liquidity management.
It is designed to provide flexible and automated business intelligence that can be tailored to collect and consolidate particular data sets. It then analyses and monitors the data, allowing for accurate reporting of intraday liquidity flows.
Andreas Hauser, business product manager for intraday liquidity management at Deutsche Bank’s institutional cash management and global transaction banking segment, said: “The BCBS requirements aim to enable banking supervisors to monitor a bank’s management and intraday liquidity risk and our clients are looking for data to support active liquidity management. SWIFT Scope provides an excellent intraday liquidity management solution to meet these requirements.”
Michael Formann, head of SWIFT for Germany and central Europe, added: “SWIFT Scope is a tailored, modular solution that can comply with the BCBS 248 reporting requirements and enable banks to do analytics on the data collected and leverage the insights gained for liquidity management purposes and other requirements.”
The solution will support compliance with the Basel Committee of Banking Supervision (BCBS) 248 requirements for banks to submit detailed reports on intraday liquidity flow in every country and currency they operate in. All banks will have to comply with BCBS 248 by January 2017.
However, according to SWIFT, the SWIFT Scope solution can also encourage use of intraday liquidity reporting for active liquidity management.
It is designed to provide flexible and automated business intelligence that can be tailored to collect and consolidate particular data sets. It then analyses and monitors the data, allowing for accurate reporting of intraday liquidity flows.
Andreas Hauser, business product manager for intraday liquidity management at Deutsche Bank’s institutional cash management and global transaction banking segment, said: “The BCBS requirements aim to enable banking supervisors to monitor a bank’s management and intraday liquidity risk and our clients are looking for data to support active liquidity management. SWIFT Scope provides an excellent intraday liquidity management solution to meet these requirements.”
Michael Formann, head of SWIFT for Germany and central Europe, added: “SWIFT Scope is a tailored, modular solution that can comply with the BCBS 248 reporting requirements and enable banks to do analytics on the data collected and leverage the insights gained for liquidity management purposes and other requirements.”
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