The Liquidity Trap

...Don DeLoach, CEO of Aleri, a provider of liquidity stress-testing software, says: "Banks have traditionally managed and monitored liquidity flows on a subsidiary basis, with myriad cashflows going in and out, with different structures, formats, timings, staff and systems, to support that." He adds: "A bank can rarely tell you its overall position or balance of payments in currency denominations, let alone a holistic view, or what it looked like 15 minutes ago."...