White Paper Reveals Lessons Learned on Enterprise-wide, Cross-Asset Risk Management
17 Dec 2008 
2008 will be remembered as the year when risk management moved from being a checkbox for compliance officers and regulators to a fundamental pre-requisite for operating a trading business. Lack of awareness and mismanagement of risk has lead to catastrophic events at the corporate, and even systemic, level.
Despite past investment in risk management solutions, firms have learned that risk management at the product, portfolio or even business unit level does not necessarily scale well to provide a view of enterprise risk, where cross-asset class reporting and processing throughout the entire trade life cycle is a requirement.
In a new white paper titled “Enterprise-wide, Cross-Asset Risk Management Takes Charge: Convergence, Consolidation and Connectivity Pave the Way,” Sapient, working with research and publishing company A-Team Group, provides insight into the Sapient approach of managing the challenges of enterprise risk management during these uncertain economic times. The paper lays out a “Three Cs” approach to assist industry firms in implementing enterprise-wide, proactive cross-asset risk management. Sapient’s Three Cs–convergence, consolidation and connectivity–help guide trading and investment firms with how to move to a proactive risk model that will be required in the future.
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