IOSCO has published its final report on internal controls at intermediaries in relation to price verification of structured finance products and regulatory approaches to liquidity risk management. The report, which looks at a survey of 10 firms in various jurisdictions, showed most intermediaries did not manage adequately the risks they were exposed to as a result of warehousing structured finance products. The report covers areas of concern and actions taken since the financial crisis began. It then looks at the requirements of regulators in the same period, and recommends how they might enhance firm internal controls. Finally, it looks at liquidity regimes that apply to securities firms and how regulators should increase supervision of liquidity risk. (Source: Intermediary internal controls associated with price verification of structured finance products and regulatory approaches to liquidity risk management)