Cash And Trade Magazine For Cash and Trade professionals in the Middle East
– With almost half of banks admitting their risk management programme is not well formulated,* Misys Global Risk provides banks with the technology required to execute their business strategies
NEW YORK and LONDON – 1 November 2012 – Misys has today launched a new generation of collaborative risk management solutions, under the name of Misys Global Risk (MGR). The solution’s best-in-class risk, regulatory and workflow modules collaborate with a firm’s in-house or third-party systems in a single enterprise risk technology environment for the first time.
With MGR, banks and financial institutions can now obtain a holistic view of the enterprise risk exposure at any point in time, via an intuitive, interactive dashboard that brings on-demand transparency to limit, market, credit and liquidity risk across trading and banking books. The new solution also enables firms to coordinate, control and manage risk from every part of their organisation, allowing users to make proactive business decisions based on comprehensive risk intelligence.
“Our recent research has identified collaboration as a critical success factor for enterprise risk management,” comments Peyman Mestchian, Managing Partner at Chartis Research. “Collaborative risk management is about information sharing, consistency of risk metrics, linkage between front, middle and back office, embedding risk into performance management and breaking down the traditional silos of risk, compliance and finance. Data integration and information visualisation are key enablers for collaboration.”
“Creating a consistent and timely view of global exposure for the different aspects of risk across the business can be a challenge,” states Thierry Truche, Head of Product Management, Misys Global Risk. “This is particularly true where financial institutions operate across multiple trading systems. Management teams are feeling increased pressure to show more ROI on their risk systems, improve transparency and produce reports on an intra-day, or real-time, basis.”
MGR is an enterprise risk tool for collaborative risk management enabling financial institutions to define their risk architecture to meet the constantly moving market and regulations challenges. The solution has been designed as a modular risk solution that combines finance and risk and gives banks improved intra-day analysis and reporting. The solution consolidates all risk positions from connected modules on to a single interactive dashboard for Chief Risk Officers and a customised dashboard for risk managers, allowing users to drill down to any level of granularity and analyse and act on the information in real-time.
MGR proactively manages the entire spectrum of enterprise risk and regulations across business lines and asset classes including:
– Limits management
– Credit risk
– Counterparty credit risk
– Credit assessment and monitoring
– Market risk
– Liquidity management
– Dynamic asset and liabilities management (ALM)
– Regulatory reporting to comply with Basel III and other regulatory frameworks
* Source: Collaborative Risk Management – Chartis Research 2012
