Telephone: +44 (0)20 7920 9128
Email: [email protected]
Web: www.barbicanconsulting.co.uk
This treasury audit training course is designed for an Audit department undertaking a Treasury review. It is designed to focus on the business conducted in a treasury, the risks that can be generated and the appropriate controls and structures that should be in place to assist in the efficient use of resources and the prevention of unexpected losses. The workshop will cover:
Training will be in a workshop format. This will include a mixture of presentation and case study material. This treasury audit training course is designed for up to ten staff.
Below is a summary of the workshop content. The content of each day has been placed in a logical sequence and addresses the key topics.
Introduction to workshop
The role of Treasury
Performance measurements
Reporting lines
Function of risk management
Market Risk
Liquidity risk
Credit risk
Operational risk
Risk reporting
Limit structures
Operational issues
New products
Complex products
Documentation
Disaster recovery
How banks have lost money
In March 2008 the FSA issued Market Watch No. 25. In this report the FSA highlights the measures firms should consider when reviewing systems and controls used to protect against the risk of a rogue trader. Overall the newsletter is helpful and the FSA correctly identifies and comments on a number of issues. Whilst not formal guidance the newsletter from Markets Division contains a number of surprising comments that if followed could lead to problems with the regulator.
1st August 2009
The general thrust of the CP is that Societies must prove that they have both the management and the systems capable of effectively dealing with the risks they face. This is part of the enhanced supervisory approach now adopted by the FSA. It states that systems and controls must match the level of complexity in a firm's business model. The FSA will adopt a more interventionist approach in order to ensure this is the case. The proposal is that building societies and the regulator will determine whether the risk management policies adopted are appropriate. Where they are not the Society can either simplify its business or improve its risk management. The FSA also intends to limit societies diversifying their business without a full assessment of capital adequacy. The FSA has considered applying similar CP 17 guidance to the banking sector but has decided on account of the "lack of homogeneity" that this would not be practical and in their case a firm-by-firm approach is more appropriate. The CP addresses treasury and lending. It contains five approaches to treasury management, three areas of treasury guidance and three approaches to lending. Consultation closes on 5th September 2009 with implementation due in early 2010 when a new Building Societies Sourcebook (BSOCS) will replace IPRU-BSOC.
22nd January 2016