Deutsche Bank prefers Swift for intraday liquidity reporting
Swift Scope is an automated, end-to-end business intelligence solution used to collect and consolidate data, and provide the analysis required to monitor and report intraday liquidity flows.
It supports compliance with the Basel Committee on Banking Supervision’s (BCBS) requirements for banks to send a detailed report to their regulator on a monthly basis about the intraday liquidity flows for every country and currency in which they operate. By January 2017, all internationally active banks must comply with the BCBS 248 monitoring requirements.
“The Basel Committee on Banking Supervision 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,” says Andreas Hauser from institutional cash management, GTB at Deutsche Bank.