Advocacy

Advocacy

One of the key elements of ALMA’s mission statement is to be a leading advocate within ALM.  A primary mechanism to advocate for ALMA Members is through an industry response to emerging regulatory / other relevant consultations impacting Member firms.

ALMA considers if there are any new consultations of relevance to Members, where ALMA could add value by representing Treasury / ALM perspectives in an industry response. In assessing the merits of a response ALMA will consider the following;

• The significance of the consultation relative to ALMA’s core focus areas (including but not limited to funding, liquidity, capital and IRRBB related topics);

• The materiality / impact of the consultation on Member firms and whether there are areas where ALMA can add value by representing Treasury / ALM perspectives;

• If Member firms have significant divergence of opinion and a consolidated response would provide clarity to the regulator / industry body;

• Whether firms are anticipated to respond individually or through another industry working group; and

• By engaging with UK Finance, the Building Societies Association and other industry bodies on their position regarding a response.

Depending on the consultation and engagement across the industry, ALMA may choose to collaborate with UK Finance and/or the Building Societies Association or similar bodies to submit a joint response.