Misys launches enterprise risk solution
11 October 2011 London
Image: Shutterstock
Misys has launched its enterprise market risk solution, Misys Risk, to enable financial institutions to measure, control and manage risk across multiple asset classes, instruments, portfolios and systems. The launch marks the first step in a multi-phase project to create a unified enterprise solution to address market, credit and liquidity risk in a single consistent framework.
It is a front-to-back system with a single platform designed for risk managers at buy and sell side firms, incorporating analytics, drill-down capabilities, limit and alert management and reporting.
Integrated with the trading systems it relies upon for portfolio valuation, Misys Risk shares the same positions, models, valuations and pricing data with front office.
Cubillas Ding, director of research, Securities & Investments, Celent, says, “The ‘new normal' of risk management today will require firms to disseminate cohesive and usable intelligence related to a true firm-wide picture of risk. Hence, the traditional incongruity between market-facing units, risk, treasury and finance functions in relation to risk taking, risk control and risk mitigation activities will need to be more tightly orchestrated in a joint-up and ‘live’ manner at the point trading on a pre-deal basis, not after. It is imperative to link up with various front-line core systems, operational workflows and risk controls in a dynamic and cohesive manner.”
It is a front-to-back system with a single platform designed for risk managers at buy and sell side firms, incorporating analytics, drill-down capabilities, limit and alert management and reporting.
Integrated with the trading systems it relies upon for portfolio valuation, Misys Risk shares the same positions, models, valuations and pricing data with front office.
Cubillas Ding, director of research, Securities & Investments, Celent, says, “The ‘new normal' of risk management today will require firms to disseminate cohesive and usable intelligence related to a true firm-wide picture of risk. Hence, the traditional incongruity between market-facing units, risk, treasury and finance functions in relation to risk taking, risk control and risk mitigation activities will need to be more tightly orchestrated in a joint-up and ‘live’ manner at the point trading on a pre-deal basis, not after. It is imperative to link up with various front-line core systems, operational workflows and risk controls in a dynamic and cohesive manner.”
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