Meet the specific data requirements of risk management and new regulation
At present, many financial institutions collect their risk factor data from multiple product silos, typically internal trading systems. Asset Control’s Risk Data Manager transforms this process to a synchronised and transparent cross-product risk data generation that uses common underlying master data.
A simplified, flexible user interface, AC Risk Data Manager streamlines a labour-intensive process, brings control to the management of critical data, and lowers the time required to integrate new risk factors. These advances will provide Risk Managers with the capability to both efficiently and effectively deal with different risk data structures, such as yield curves, zero coupon curves, volatility surfaces and stress test scenarios, bringing sound governance to organisations’ critical risk data.
Richard Petti, CEO of Asset Control, comments:
“Risk data is a critical input to address regulatory requirements that financial institutions are currently facing, including BCBS 239, Fundamental Review of Trading Book, and OTC Derivatives Reforms. To date, however, the complexity of risk data has meant that each specific piece of data has sat separately in spreadsheets or in individual trading or risk platforms. By centralising and providing enhanced visualisation of all an organisation’s risk data, we believe AC Risk Data Manager truly brings the next level of control and governance to this paramount facet of financial data management.”
By providing methods to define risk data components and establish audit trails, AC Risk Data Manager will enable Risk Managers to bring consistency and control to their risk data, as well as quality, visualisation and centralisation. Ultimately, it gives a comprehensive view of a financial institution’s risk data capabilities.
Martijn Groot, VP Product Management at Asset Control, adds:
“Asset Control provides an integrated, streamlined and controlled platform for delivering clean and consistent data to users, on time, all the time; for reference data, time-series and risk data. By introducing AC Risk Data Manager to the industry, we further strengthen our offering in the complex and critical area of risk data, by giving Risk Managers complete control over and insight into the risk factor production process.”
“AC Risk Data Manager will empower Risk Management teams to efficiently govern their data and help them to stay ahead of the ever-evolving regulatory landscape.”