Market risk

ReMATCH, the CDS portfolio rebalancing and market risk mitigation service, announced today that it has introduced a new service to help its customers reduce their exposure to Quanto CDS risk. The service, launched in September, has eliminated over $15billion of Quanto CDS risk for customers in its first three sessions.

- Integration with existing trading systems reduces implementation cost and risk, and time-to-market for new business

Fiserv, Inc. (NASDAQ: FISV), the leading global provider of financial services technology solutions, announced today that Krung Thai Bank has selected Fiserv for asset/liability, market risk, interest rate risk, foreign exchange risk and daily bank-wide liquidity risk management. 

Solution delivers scenario and factor stress testing using multiple risk models

Northern Trust (Nasdaq: NTRS) has enhanced its asset and liability risk reporting to help its pension fund clients across the globe monitor their coverage ratio risk over different time horizons. The reporting uses multiple risk models to deliver scenario and factor stress testing data and is particularly appropriate for the Dutch market where it supports clients’ requirements for risk reporting compliant with FtK regulations. 

Post-crisis firms are focusing on the correlation of different risk types as they now recognize the need for a true total view of risk. In a Q&A, SunGard’s Marcus Cree explains the new drivers behind investment in risk technology and how the culture for risk management is changing to meet demands in the new regulatory environment.

Q. Are financial institutions still investing heavily on risk management even after three years have passed since the financial crisis began? Are there new drivers for the focus on risk management? 

Reference Data & Risk; Enterprise-Wide Risk Management Complimentary Webinars

Quartet FS, a specialist provider of business intelligence and analytics technology, today released its ‘Risk in Global Banking Report’ which has found that global risk managers are struggling to calculate market and credit risk in real-time. The report is based on research conducted with senior risk managers from global banking operations and provides insight into current views on risk management trends, practices and challenges in the new financial services era. 

Deutsche Postbank AG (Postbank), a leading German retail bank, has gone live with SunGard’s Adaptiv Analytics for fast calculation of Monte Carlo Value at Risk (VaR), supporting its entire on- and off-balance sheet capital markets activity. The implementation follows the bank’s adoption of SunGard’s Adaptiv Risk Cube in 2009 for quick access to risk analysis.

ReMATCH, the CDS portfolio rebalancing and market risk mitigation service, announced today that it has removed $97 billion of risk in Western European sovereign credit default swaps since launching its sovereign CDS service in November 2010, significantly reducing market risk for each of the major participating banks.

“Restoring Credibility – The Importance of Stress Testing” Validates Industry Demand for QuIC Stress Definition Language