Risk Managers Able to Centralise All Exposures Across Trading,
Corporate and Banking Books With Misys' Collaborative Risk
Management Solution
LONDON, November 1, 2012 /PRNewswire/ --
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
Misys has today launched a new generation of collaborative risk
management solutions, under the name of Misys Global Risk. 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 Misys Global Risk (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 & liabilities management (ALM).
- Regulatory reporting to comply with Basel III and other
regulatory frameworks
* Source: Collaborative Risk Management - Chartis
Research 2012
About Misys
Misys is at the forefront of the financial software industry,
providing the broadest portfolio of banking, treasury, trading and
risk solutions available on the market. With 1,800 customers in 120
countries our team of domain experts and partners have an
unparalleled ability to address industry requirements at both a
global and local level.
Misys was formed by the merger of Misys with Turaz, which
includes the award-winning Kondor+ product line. Combined
they are able to address all customer requirements across both the
banking and trading book businesses. Misys is the trusted partner
that financial services organisations turn to for help solving
their most complex problems.
Find out more at http://www.misys.com
For further information please contact
Edward Taylor
Global Head of Public Relations
Misys
+44(0)20-3320-5530
edward.taylor@misys.com