Asset Control 2016 EMEA User Conference
Taking place at the new ‘etc.venues’ site by Fenchurch Street station, our 2016 EMEA User Conference in London brought together Asset Control users and consultants from across the region, with a packed agenda covering the company’s most recent activities and developments, as well as presentations from partners and clients.
Starting with a company update from Sales Director - EMEA, Ian Cumberpatch, the day spanned all the way from an overview of MiFID II, to our recent MATLAB® integration, to inside knowledge on the use of Asset Control software from Russell Stewart at ICBC Standard Bank - and on to Asset Control’s recently developed Total Cost of Ownership model – and much in between.
This year was a reminder of why our User Conferences prove so successful for those on both sides: the chance to network with consultants, users and peers; unmatched insight into the company’s direction and strategy; and an opportunity to offer and receive feedback on current (and future) developments.
Another core benefit of bringing together a variety of members of the Asset Control community is the opportunity to focus on the subject matter most relevant to the industry, and regulation is very much the topic of the hour.
Whether BCBS 239, stress testing, the revised market risk framework of the Fundamental Review of the Trading Book, or the aforementioned MiFID II – more and more of the purpose and everyday operation of Asset Control systems is geared toward complying with regulation or assisting with compliance.
FRTB in particular is beginning to impact heavily on day-to-day tasks and is placing new requirements on existing functions. Discussions on the day referred to the need to show the modellability status of risk factors, the consolidation of additional sources, and to provide additional observations for modellability.
Client engagement and feedback are at the forefront of our product development initiatives in 2016, and as such, it was a welcome interchange to recognise our renewed focus on providing regulatory-driven solutions is both wanted and required.
AC Risk Data Manager
The recent developments to AC Risk Data Manager – in recognition of which we were included in this year’s RiskTech100 – have taken into account stress testing and FRTB as key drivers for change.
Enriched with the templates from CCAR, DFAST, EBA and BoE, AC Risk Data Manager allows banks to store their own definitions and improve their stress testing information architecture – making AC Plus a single source for both risk factor data and stressed risk factor data.
Overall, the day was a huge success, and we thank all involved for making it (and our counterpart event in New York) a User Conference to remember.