Asymptotix, a specialist in Risk Management solutions architects, is pleased to announce it is partnering with market leading software provider FRSGlobal (www.FRSGlobal.com), and IPL (www.IPL.com), an IT services company specialising in the delivery of intelligent business solutions, to launch a complete solution to the Banking sector for achieving PS 09/16 liquidity reporting requirements.

Asymptotix promotes the Siag Market Risk system which combines two technologies (Siag Price Manager and Siag Market Risk Engines) to create an ultra fast on demand Market Risk system for Tier 1 portfolio clients.

Fannie Mae needs another $15 billion in federal assistance, bringing its total to more than $75 billion. And worse, the mortgage finance company warned its losses will continue this year.

The European Commission has launched a public consultation on further possible changes to the Capital Requirements Directive (CRD) aimed at strengthening the resilience of the banking sector and the financial system as a whole.

The scale of intervention to support the banks in the UK, US and the euro-area during the current crisis totals over $14 trillion or almost a quarter of global GDP. It dwarfs any previous state support of the banking system. These interventions have been as imaginative as they have large, including liquidity and capital injections, debt guarantees, deposit insurance and asset purchase.

Are we about to enter a third, and this time fatal, leg of the financial crisis? The problems of euroland which have so unsettled markets this week – and in particular those of Portugal, Ireland, Greece and Spain (the "pigs", as they have become known in financial circles) – are worrying enough in themselves

European leaders said they were ready to support heavily indebted Greece to stave off a crisis in the euro zone, but disappointed markets by failing to offer any details on how aid would work.

US war on banks coming to UK next week. President Obama's pledge on Thursday afternoon to end the "excess and abuse" and a "binge of irresponsibility" in the financial system, shook shares in banks.