Pete McIntyre

Financial Services Director at Planixs

Message Posts: 3 Comments: 1

Bio Founding Director of the Planixs Financial Services business. Planixs is the industry leader in tackling the Intraday Liquidity Challenge & creating a real-time Treasury. Our Intraday software is live in banks of all shapes and sizes, from Global Tier 1 to standalone subsidiaries. Career History Prior to Planixs Pete built a career in professional services with Accenture, Deloitte and finally as a partner with PwC.

Blogs

Treasury Management

Digital Assets, Crypto, Blockchain - what's this got to do with Treasury and Intraday Liquidity?

17 Feb 2022

Blockchain, Digital Assets, Crypto, Tokenised Assets, Digitial Currencies, Central Bank Digital Currencies (CBDCs). I’m sure that I’ve missed out many nouns and adjectives that are used to cover this area. In really simple terms I am thinking about how new(ish) technologies have offered up alternatives to traditional forms of ‘money’ and how initi...

Treasury Management

Intraday liquidity regulation: a decade of progress?

11 Mar 2021

September 2008 saw the emblematic moment of the Global Financial Crisis (GFC) when Lehman Brothers collapsed. Intraday liquidity was fundamental to this collapse. Correspondent banks were not willing to provide intraday credit lines with Lehman Brothers looking such a bad risk and demanded Lehman either prefund accounts or collateralise the credit...

Treasury Management

Give thanks for the Federal Reserve: Intraday liquidity reflections

25 Nov 2019

I’ve just come back from a week in New York and it was great to understand the latest thinking and progress on intraday liquidity in the US and Canada. As well as meeting up with industry colleagues across the city, I was chairing and presenting at a conference - Automation & Real-Time Treasury in Financial Institutions - which was very succes...

See all Pete's blogs

Pete is Commenting on

Intraday liquidity regulation: a decade of progress?

Thanks for the comments. Regulators certainly do care about intraday risk at your correspondent bank. In fact in some cases it is the risk at nostros that is most significant. Remember that Lehman’s intraday risk was on nostro accounts…Usually a direct participant has useful tools to understand and monitor their liquidity in the clearing system, but when you are indirect then you are at the mercy of how your agent bank decides to process your payment activity and how this liquidity usage fits alongside any credit limits they may provide. This means that your intraday liquidity monitoring and management systems/processes need to cover off both risk where you are direct and also indirect. For nostro account monitoring we have had great success in building up views using SWIFT messaging - not necessarily GPI but rather the intraday settlement confirmations (e.g. MT9XX, MT5XX and their new MX equivalents). The trick is to do this quickly enough i.e. get this data into your systems, process appropriately and run the analytics so that you get real-time insight. With that insight comes control so you can react to events, move liquidity around and ultimately reduce the need to hold liquidity or run large overdrafts. Not easy, but we at Planixs have done this for banks large and small.

16 Mar 2021 Reply Read article