BNP Paribas Securities Services launches pension fund tool
26 September 2012 Paris and London
Image: Shutterstock
BNP Paribas Securities Services has launched a market risk monitoring tool for pension funds, which aims to enable trustees to see a complete view of the market risk to their entire portfolio. ??
”By calculating the market risk against each individual security in a fund’s portfolio, the tool determines the market risk across the entire portfolio with higher accuracy than when calculated based on individual reports from disparate external sources,” said a statement from BNP.
?? Dietmar Roessler, head of client segment asset owners at BNP Paribas Securities Services said: “Ongoing instability in the financial markets combined with increased regulation is causing a fundamental culture shift in pension funds’ approach to risk. ??
"The need to monitor performance independently of a scheme’s external advisors is growing in importance and funds are now taking a more active approach to risk-based governance."
Implemented in a month’s time, the tool is delivered via a web-based interface, and provides pension funds with a two page report that can be published in every major European language. It is part of BNP Paribas Securities Services’ MasterSuite for pension funds.
”By calculating the market risk against each individual security in a fund’s portfolio, the tool determines the market risk across the entire portfolio with higher accuracy than when calculated based on individual reports from disparate external sources,” said a statement from BNP.
?? Dietmar Roessler, head of client segment asset owners at BNP Paribas Securities Services said: “Ongoing instability in the financial markets combined with increased regulation is causing a fundamental culture shift in pension funds’ approach to risk. ??
"The need to monitor performance independently of a scheme’s external advisors is growing in importance and funds are now taking a more active approach to risk-based governance."
Implemented in a month’s time, the tool is delivered via a web-based interface, and provides pension funds with a two page report that can be published in every major European language. It is part of BNP Paribas Securities Services’ MasterSuite for pension funds.
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