Solutions

Our consulting and services teams are experts in financial data, with practical experience in over 65 banking and buy-side implementations around the world.

From post-trade processing to independent price verification and stress testing, Asset Control provides insight-driven financial data management solutions for any application. A solid data sourcing and mastering process is combined with easy ways to distribute, integrate, discover and explore the data.

Asset Control’s provides a standard data model that tracks regulatory developments and keeps integration with content providers up to date. Its business rules capabilities can be used for risk factor classification, taxonomies, proxy management, risk factor preparation and eligibility tests

Asset Control’s provides a standard data model that tracks regulatory developments and keeps integration with content providers up to date. Its business rules capabilities can be used for risk factor classification, taxonomies, proxy management, risk factor preparation and eligibility tests

Products

Our range of products help financial organisations deliver high-quality reference, market and risk data to the people and applications that need it – on time, all the time

Meet the specific data requirements of risk management and new regulation

Providing award-winning data mastering engine with AC Plus

A comprehensive file management and scheduling system through AC Connect

The industries largest managed data lakes for seamless data acquisitions

The growth in data volumes and in data diversity coupled with increasingly data intensive jobs and reporting requirements mean firms need to improve their market data access and analytics capabilities.

Asset Control offers flexible integration options with a firm’s existing infrastructure for greater speed, scalability and performance

Services

Asset Control helps financial organisations deliver high-quality reference, market and risk data to the people and applications that need it – on time, all the time

Helping our customers succeed through client engagements while building personal connections

We are committed to empowering our customers to use our products to their full potential through our support services, individually tailored classroom-based training, easy-to-access e-learning modules and our state of the art Customer Portal.

Optimize operational costs and cost-effectively process change through using our AC PaSS managed data services.

Insights

The latest data management research and commentary from Asset Control

Industry comment and analysis from the Asset Control team

Data management applications and best practice videos

Insight on industry trends, regulatory challenges and solutions

About Us

Delivering high-quality reference, market and risk data to the people and applications that need it – on time, all the time

Proven for unrivaled adaptability, reliability and efficiency

Stay up to date with all our latest news and company announcements

All the latest events we are hosting, sponsoring or and attending

Meet our management team

Asset Control partners with data, implementation and managed service firm to enhance clients’ experience of our data management solutions

All the latest vacancies at Asset Control

Contact Us

Get in touch with the Asset Control team - wherever you are in the world

A comprehensive, responsive programme for day-to-day support

We are a truly global company with offices around the world

Fill out our contact form and we'll get in touch as soon as possible

We appreciate your consent for our continued engagement.

FRTB and Optimal Data Management

FRTB comes into effect at the beginning of 2022. It exacerbates the market data management challenges for banks at a time when firms should already be planning for optimal data management compliance.

The challenges banks have to cope with are ramping up all the time. They face increased regulatory scrutiny on data quality. They must achieve consistency between risk and front office to meet modellability and attribution tests. They have to navigate legacy systems that do not scale to handle required data volumes and miss crucial capabilities in e.g. data lineage and bi-temporality. At the same time, they are having to transition to the cloud to drive efficiencies and support business user enablement by delivering better access to data

FRTB raises the stakes further by introducing three critical changes to market data management, how to measure risk, assess risk factors, and classify risk factors.

  • Measuring risk
    The introduction of Expected Shortfall (ES) as a replacement for VaR entails that the outliers hit the tail and therefore the regulatory capital directly. Most banks currently use one- or two-years’ history, meaning the expected shortfall requirement for 10 years’ worth is not easily retro-fitted; particularly in cases where teams are working with legacy systems. Apart from that, banks need to be able to determine the most stressful 12 months over the last ten years. This means banks require reliable and flexible storage for time series data, with the ability to consolidate data sources – and fill any gaps. i

  • Assessment of risk factors: focus on real prices
    The second signifcant change FRTB introduces is a refreshed form of assessment for risk factors, based on their ‘modellability’. The use of real prices is required to prove modellability and identify ‘non-modellable’ risk factors (NMRFs). Banks can use data vendors to supply this real price data, providing they can be audited by regulators.

  • Classification of risk factors
    Risk factors are also subject to a new method of categorisation. This includes a need for model support behind risk factor classifications, the ability to extend reference data mappings, and the integration of the liquidity horizon categorisation.

 

These changes will place extra pressure on banks. Essentially, however, FRTB adheres to the same notion of a solid data foundation as many other regulations – and therefore should be seen in that context.

Ultimately, the best way to manage regulatory change is through the accurate collection, controlled sourcing, cross-referencing, and integration of data. This can address common regulatory “asks” around taxonomies, classifications, unambiguous identification, additional data context, links between related elements and requirements on audit and lineage. The capabilities to do this will pave the way to insight-driven data management, early warnings on market data issues and their implications and business user enablement to support users in risk, valuation, finance, operations and front-office with increasingly data intensive jobs.

Compliance with today’s financial services regulation cannot be a tick in the box. In order not to be overwhelmed by regulatory change management that crowds out everything else, and not to fall victim to the increasingly onerous penalties it is an urgent imperative that firms get their data management capabilities in order.

To learn more about our Managed Services for Financial Data program, please download our AC Pass guideWhat are you solving for?

http://www.asset-control.com/services/managed-services/

 --

i ISDA. FRTB – Modellanle Risk Factors Business Requirements for Observation Data Supporting the Modellability Test, Draft v0.4, 2016

About the author

As VP - Product Management, Martijn Groot steering Asset Control's strategy for innovation and directs product investment and communications.  Martijn has unrivalled financial and risk data experience, as well as extensive knowledge of our customers, having held Market Strategy and Business Development roles here prior to rejoining the company in 2015. A published author, with an MBA from INSEAD and an MSc from VU University Amsterdam, Martijn's career history spans a variety of areas, including software development, financial analytics, risk, product and consultancy, at firms such as ABN AMRO, Euroclear and IGATE.

comments powered by Disqus

For more information on Asset Control Managed Services solutions, click here.
What are you solving for?