Presented by Francesco Fede, Head of Treasury, Banca IMI and Antonio Castagna, Partner, IASON

• The origin of the new financial environment
• A Journey into Liquidity: Liquidity interrelations between banks and G-SIFI RegulationLiquidity interrelations between banks and G-SIFI Regulation:

                 Different types of liquidity
                 Vicious and virtuous effects
                 The role of central banks

• Liquidity interrelations between banks and G-SIFI Regulation
• New Regulation on Liquidity Risk

Monitoring Liquidity Risk

• A Taxonomy of Cash-Flows
• Liquidity Options
• Quantitative Liquidity Risk Measures
• The Term Structure of Expected Liquidity
• Cash-flows-at-Risk

Liquidity Buffer and Term Structure of Funding

• Liquidity Buffer and Counterbalancing Capacity . . . . . . 183
• Causes of the Liquidity Buffer: Maturity Mismatch, Derivative Collateral, Off-Balance Sheet Commitments
• Basel III Regulation and Liquidity Buffer