White paper: The digitalisation of sell-side risk management
The new decade brings with it several earth-moving challenges, not least the global pandemic. Among them, the shifting of the London Interbank Offered Rate – Libor – to alternative market-based benchmarks will prove to be one of the largest fundamental changes in our lifetime. For banks, it’s time to get serious about the upcoming Fundamental Review of the Trading Book (FRTB) rules.
A push toward more common ground between solutions using sensitivities calculations linked to FRTB, such as the Standard Initial Margin Model (SIMM) and initial margin, is forthcoming. Meanwhile, the expansion of various valuation adjustments (XVAs) beyond accounting use will continue to grow, fostered by Basel III regulatory capital requirements as well as the final phases of the uncleared margin rules.
The latest surge in volatility resulting from the novel coronavirus has added yet another test for risk managers.
The Digitalisation of Sell-Side Risk Management white paper describes a series of trends in risk management being shaped by the recent wave of volatility, onslaught of regulatory requirements, ever-increasing data, and market structure changes impacting sell-side institutions. Among them, the focus on risk system upgrades and requirements necessary to weather the latest global crisis and remain compliant is key. The use of advanced tech, such as artificial intelligence (AI) and machine learning (ML), is imminent and will influence changes within organisational structures necessary to achieve scale while reducing total cost of ownership (TCO).
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And there is more! Once you’ve read the white paper – hear straight from the experts on the live webinar session on this report taking place on 4 June 2020 at 3pm BST. Register here to join Audrey Blater PhD, senior research analyst at Aite, Anthony Pereira, head of Torstone’s Risk Platform, and Mack Gill, chief operating officer of Torstone Technology, who will discuss the findings. Click here for more details about this free webinar and to register.
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