A-Team Insight Exchange is a new event series for 2010, which will combine A-Team’s expertise in financial markets IT with thought leadership from world-class technology innovators and practical experience from financial market practitioners.
ABSXchange Loan Analytics Platform Announces 11 New Clients FREE - A-Team Wire
RiskVal Announces Launch of RiskVal Commodity FREE - A-Team Wire
FRSGlobal’s Brammertz Propounds Risk Management Benefits of the US Office of Financial Research
The plans for the establishment of a US-based reference data utility in the guise of the Office of Financial Research continues to make its way through the US political system and it seems that many of those from the risk management world feel it will make a difference for the better. The Professional Risk Managers’ International Association (PRMIA) has given its seal of approval (see our coverage here) and vendors such as FRSGlobal are also hopeful that it will provide much needed clarity around data standards. Willi Brammertz, senior risk advisor at the vendor, explains how he reckons it will help firms to meet their liquidity risk and Basel III requirements.
MSCI Completes Acquisition of RiskMetrics, Enters Risk Analytics Biz in Earnest
Following the signing of a definitive merger agreement with RiskMetrics earlier this year (see our coverage here), MSCI has finally completed its acquisition of the risk modelling and analytics vendor, which MSCI chairman and CEO Henry Fernandez hopes will significantly expand its risk management capabilities. Fernandez is no doubt also hoping that RiskMetrics’ business will pick up in the aftermath of the acquisition, as last month the vendor announced that its first quarter revenue was down 0.4% on 2009 figures.
S&P Further Enhances ABSXchange Loan Analytics Platform FREE - A-Team Wire
Quartet Financial Systems Opens New Office in Singapore FREE - A-Team Wire
NASDAQ OMX and SunGard to Deliver Risk Analytics for NASDAQ OMX Indexes FREE - A-Team Wire
FRSGlobal Fine Tuning Fair Value Pricing Models for Emission Linked Derivatives, Says Brammertz
Risk and regulatory reporting solution vendor FRSGlobal is currently endeavouring to develop new valuation models in order to gauge the fair value prices of emission linked derivatives contracts, according to Willi Brammertz, senior risk advisor at the vendor. Although political concerns are holding back some degree of progress with regards to these new instruments, Brammertz is confident that Europe is moving forward enough for vendors to begin dipping a toe in the water of this new area of financial instrument development. FRSGlobal is eventually planning to add this new functionality to its RiskPro platform.
Numerix Announces Launch of Bond Trader Application FREE - A-Team Wire
RiskMetrics Revenue For First Quarter 0.4% Down on Last Year’s Figures
Following its acquisition by MSCI earlier this year (see here), it seems that risk analytics vendor RiskMetrics Group is having a tough start to 2010. Despite its strong performance overall last year (see here), RiskMetrics has experienced a decline in revenue of 0.4% for the first quarter of this year on the same period last year. According to CEO Ethan Berman, the uncertainty regarding its future ownership deterred clients from signing on the dotted line.
Axa Rosenberg Forced to Admit to Coding Error in Information Flow from Risk Models
US-based investment manager Axa Rosenberg has been forced to inform its clients of an underlying error in its risk models that was first discovered in June last year and was subsequently corrected between September and mid-November. The firm has sent out a letter explaining the steps it has taken to rectify the error, which meant that common factor risks were under-represented in its modelling. Given the intense regulatory and client scrutiny of firms’ practices around risk modelling, the error is likely to cause some red faces on the part of the investment manager, however the firm stresses that the failure of one set of controls was balanced out by the other controls in the system.
Moody’s Experiences Strong First Quarter for Data, Analytics and Risk Business
In line with the relatively strong performance of the data and risk businesses of its peers this year so far (see here), Moody’s indicates that its first quarter global revenue is up by 17% on the previous year’s figures for the period. Moreover, the vendor’s revenue from research, data and analytics increased by 3% from the prior year period to US$104.6 million and risk management software revenue grew 4% to US$33.3 million. This is a significant upturn for the vendor after a tough end of 2009 for the Moody’s Analytics business (see here).
FRSGlobal’s Brammertz Talks up a More Balanced Approach to Risk Beyond VaR
Value at risk (VaR) should not be used in isolation but rather as one tool within a wider risk modelling toolbox that comprises of both mathematical models and scenario testing, according to Willi Brammertz, senior risk advisor at risk and regulatory reporting solution vendor FRSGlobal. Brammertz, who joined FRSGlobal back in 2008 when it acquired risk management solution specialist vendor Iris (see here), reckons the risk manager of tomorrow will not rely on mathematical models alone to effectively carry out the essential functions of the role.
Fernbach’s Hamm Talks up Partnership with Intel and HP for Liquidity Risk
In line with its partnership approach to the market, international financial reporting standards (IFRS) and risk management solution vendor Fernbach Software has launched a strategic initiative with HP and Intel to target the liquidity risk management space. Mike Hamm, managing director of the vendor, explains to A-Team Insight that the firms have been working on the launch since January and are aiming to provide an easy to use and quick to deploy technology platform for both stress testing and risk data reporting to those under the FSA’s jurisdiction and beyond.
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Video: Andrew Delaney Talks to Atrium Network's Des Peck 29 Jul 2010 |
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A-Team Insight Podcast - July 2010 22 Jul 2010 |
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A-Team Insight Webinar (Recorded): Trading Beyond the Horizon 07 Jul 2010 |
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