Source: Aleri

Date: November 2007

Type: White Paper

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Overview: Risk Management is an established practice throughout the financial world, particularly for market risk and increasingly credit risk. Now, thanks in part to Basel II and other regulatory mandates, firms are adding systems and tools to address operational risk and are increasing the sophistication of their overall risk management capabilities. A common challenge that many firms face is managing risk across multiple systems, asset classes and business units on a timely basis. What’s more, as more markets become electronic and trade frequency increases, the definition of “timely” becomes ever shorter and increasingly critical. Large financial firms still tend to be collections of technology silos, and while risk management systems and procedures are typically well established at an individual system level, firms often lack an aggregate view across multiple systems and almost certainly can’t access a consolidated view that is updated in real-time.

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