Misys Launches Enterprise Market Risk Solution to Meet Evolving Risk and Regulatory Requirements
Poster: SySAdmin
Posted on October 11, 2011 at 2:07:01 AM
Misys Launches Enterprise Market Risk Solution to Meet Evolving Risk and Regulatory Requirements
LONDON, October 11, 2011/PRNewswire-FirstCall/ --
Integration With Existing Trading Systems
Reduces Implementation Cost and Risk, and Time-to-Market for
New Business
Misys plc (LSE: MSY), the global application software and services
company, today announces the launch of its enterprise market risk solution,
Misys Risk, to enable financial institutions to measure, control and manage
risk across multiple asset classes, instruments, portfolios and systems. The
launch marks the first step in a multi-phase project to create a unified
enterprise solution to address market, credit and liquidity risk in a single
consistent framework.
Drawing on its deep expertise in developing risk management and trading
systems, Misys has developed a front-to-back enterprise market risk
management system designed for risk managers at sell-side and buy-side
institutions, incorporating analytics, drill-down capabilities, limit and
alert management and reporting. Misys Risk provides a single platform to
efficiently manage and control the risks associated with trading activity.
Integrated with the trading systems it relies upon for portfolio valuation,
Misys Risk shares the same positions, models, valuations and pricing data
with the front-office. This provides the ability to easily drill-down from
an enterprise view of risk through to the trading desk level. It also
ensures that relevant data is aggregated consistently, and that new pricing
models can be introduced quickly. As a result, the time delays associated
with capturing the risk exposure of new products is greatly reduced,
allowing firms to capitalise on new business opportunities as they arise.
Michele Bonollo, Head of IT, Risk Management at Banco Popolare, speaks
of their current implementation, "Misys enabled us to implement a Basel 2.5
component for IRC in a very short timeframe without needing to disrupt our
entire risk framework. The tight integration of the Misys Risk framework
with Misys' trading solution Sophis RISQUE enables us to capture all the
risk sources in our portfolios, and to get new insights and risk figures
easily."
Where other systems may rely on complex architectures and disparate
components, Misys Risk leverages existing front-office trading
infrastructures, reducing the cost, risk and time of implementation. Misys
Risk is designed to work closely with multiple front-office trading systems
to provide one dedicated solution for all risk management functions.
Cubillas Ding, Director of Research - Securities & Investments, Celent,
comments, "The 'new normal' of risk management today will require firms to
disseminate cohesive and usable intelligence related to a true firm-wide
picture of risk. Hence, the traditional incongruity between market-facing
units, risk, treasury and finance functions in relation to risk taking, risk
control and risk mitigation activities will need to be more tightly
orchestrated in a joint-up and 'live' manner at the point trading on a
pre-deal basis, not after. It is imperative to link up with various
front-line core systems, operational workflows and risk controls in a
dynamic and cohesive manner."
Misys Risk allows the user to access information from all processes in
real time. Risk analysis for VaR, stress testing, scenario generation,
portfolio "slicing and dicing" and limit checking can occur on demand.
Scenarios are generated once and then used consistently as the single source
across all systems. Drawing on real-time data, users get an accurate
snapshot of their exposure throughout the day together with comprehensive
pre-deal analysis, allowing for the optimal management of risk and reward.
Capturing and reporting on all data happens quickly, easily and in a
consistent fashion, drastically decreasing the cost of reconciling disparate
information. This helps firms meet today's risk management and regulatory
challenges efficiently and cost effectively.
Arnaud Vinciguerra, Operations Director of Misys Sophis, comments, "The
continued turmoil in financial markets is totally changing the way financial
institutions manage their risk, with increased pressure to provide
transparency for both shareholders and regulators alike. Misys Risk not only
allows firms to provide that transparency, but it also allows them to
improve operational efficiency, reduce costs and risk, enhance decision
making and improve time-to-market for new business. The solution thus truly
allows firms to capitalise on the optimal risk and reward paradigm."
About Misys plc
Misys plc (LSE: MSY), provides integrated, comprehensive solutions that
deliver significant results to financial services organisations. We maximise
value for our customers by combining our deep knowledge of their business
with our commitment to their success.
Misys is a market leader with over 1,300 customers, including all of the
world's top 50 banks. Misys employs approximately 4,000 people and works
with over 100 partners globally who serve customers in more than 120
countries.
We aspire to be the world's best application software and services
company, delivering results for the most important industries in the world.
Working with our extensive partner network, together we create compelling
solutions enabling our customers to differentiate themselves and drive a
competitive edge.
Misys: experience, solutions, results
Contact us today, visit: 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
Source: Misys plc
.
LONDON, October 11, 2011/PRNewswire-FirstCall/ --
Integration With Existing Trading Systems
Reduces Implementation Cost and Risk, and Time-to-Market for
New Business
Misys plc (LSE: MSY), the global application software and services
company, today announces the launch of its enterprise market risk solution,
Misys Risk, to enable financial institutions to measure, control and manage
risk across multiple asset classes, instruments, portfolios and systems. The
launch marks the first step in a multi-phase project to create a unified
enterprise solution to address market, credit and liquidity risk in a single
consistent framework.
Drawing on its deep expertise in developing risk management and trading
systems, Misys has developed a front-to-back enterprise market risk
management system designed for risk managers at sell-side and buy-side
institutions, incorporating analytics, drill-down capabilities, limit and
alert management and reporting. Misys Risk provides a single platform to
efficiently manage and control the risks associated with trading activity.
Integrated with the trading systems it relies upon for portfolio valuation,
Misys Risk shares the same positions, models, valuations and pricing data
with the front-office. This provides the ability to easily drill-down from
an enterprise view of risk through to the trading desk level. It also
ensures that relevant data is aggregated consistently, and that new pricing
models can be introduced quickly. As a result, the time delays associated
with capturing the risk exposure of new products is greatly reduced,
allowing firms to capitalise on new business opportunities as they arise.
Michele Bonollo, Head of IT, Risk Management at Banco Popolare, speaks
of their current implementation, "Misys enabled us to implement a Basel 2.5
component for IRC in a very short timeframe without needing to disrupt our
entire risk framework. The tight integration of the Misys Risk framework
with Misys' trading solution Sophis RISQUE enables us to capture all the
risk sources in our portfolios, and to get new insights and risk figures
easily."
Where other systems may rely on complex architectures and disparate
components, Misys Risk leverages existing front-office trading
infrastructures, reducing the cost, risk and time of implementation. Misys
Risk is designed to work closely with multiple front-office trading systems
to provide one dedicated solution for all risk management functions.
Cubillas Ding, Director of Research - Securities & Investments, Celent,
comments, "The 'new normal' of risk management today will require firms to
disseminate cohesive and usable intelligence related to a true firm-wide
picture of risk. Hence, the traditional incongruity between market-facing
units, risk, treasury and finance functions in relation to risk taking, risk
control and risk mitigation activities will need to be more tightly
orchestrated in a joint-up and 'live' manner at the point trading on a
pre-deal basis, not after. It is imperative to link up with various
front-line core systems, operational workflows and risk controls in a
dynamic and cohesive manner."
Misys Risk allows the user to access information from all processes in
real time. Risk analysis for VaR, stress testing, scenario generation,
portfolio "slicing and dicing" and limit checking can occur on demand.
Scenarios are generated once and then used consistently as the single source
across all systems. Drawing on real-time data, users get an accurate
snapshot of their exposure throughout the day together with comprehensive
pre-deal analysis, allowing for the optimal management of risk and reward.
Capturing and reporting on all data happens quickly, easily and in a
consistent fashion, drastically decreasing the cost of reconciling disparate
information. This helps firms meet today's risk management and regulatory
challenges efficiently and cost effectively.
Arnaud Vinciguerra, Operations Director of Misys Sophis, comments, "The
continued turmoil in financial markets is totally changing the way financial
institutions manage their risk, with increased pressure to provide
transparency for both shareholders and regulators alike. Misys Risk not only
allows firms to provide that transparency, but it also allows them to
improve operational efficiency, reduce costs and risk, enhance decision
making and improve time-to-market for new business. The solution thus truly
allows firms to capitalise on the optimal risk and reward paradigm."
About Misys plc
Misys plc (LSE: MSY), provides integrated, comprehensive solutions that
deliver significant results to financial services organisations. We maximise
value for our customers by combining our deep knowledge of their business
with our commitment to their success.
Misys is a market leader with over 1,300 customers, including all of the
world's top 50 banks. Misys employs approximately 4,000 people and works
with over 100 partners globally who serve customers in more than 120
countries.
We aspire to be the world's best application software and services
company, delivering results for the most important industries in the world.
Working with our extensive partner network, together we create compelling
solutions enabling our customers to differentiate themselves and drive a
competitive edge.
Misys: experience, solutions, results
Contact us today, visit: 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
Source: Misys plc
.