With the introduction of tighter regulation, and closer scrutiny from shareholders and investors, liquidity risk is one of the most pressing business concerns facing organisations today. As the upheaval in the financial landscape prompts a grassroots reassessment of liquidity risk within large institutions, Anya Davis of Baringa Partners and James Nicholls of Cornhill explores how banks should manage liquidity risk.

Ben Blackett-Ord is a director of Bovill, a financial services regulatory consultancy which he established in 1999. He is an experienced financial services regulatory practitioner having served as a regulator, compliance officer and consultant for over twenty years.

Figures released by the U.S. treasury show the country's budget deficit hit a record $221bn in February - the largest monthly deficit in its history - the total deficit since the beginning of the fiscal year in October now stands at $651.6bn. An interesting backdrop, then, against which to set the EuroFinance International Cash and Treasury Management conference, taking place in Miami from the 5-7 May. 

The impending liquidity regulation's demand for greater transparency and reporting, combined with the need to more fully optimise available funds, has led to an increased focus on risk across the inter-bank market. Here, Les Gosling, head of EMEA at TwoFour, discusses how banks can best meet their obligations and the benefits that can be gleaned from effective management of nostro accounts.

This year's EuroFinance conference on Liquidity and Cash Management for European Companies takes place in Amsterdam, early modern Europe's wealthiest trading cities claiming the world's first full-time stock exchange, and capital of a country which many economic historians regard as the first thoroughly capitalist country in the world. FX&MM reports.