DBS eliminates multiple risk management products with QRM’s enterprise risk management process
QRM’s advanced functionality enables DBS to measure and steer capital, balance sheet, earnings and risks in a holistic manner. December 19, 2012 | Esther TanAs one of Asia’s leading banks on a rapid course of expansion, DBS needs a strong technology and infrastructure platform. Like many financial institutions, DBS established relations with numerous technology providers to improve its risk management and analytics processes. This has necessitated the piecing together of a portfolio of incongruous risk management products developed through the years internally and externally by vendors. Quantitative Risk Management (QRM), a leading enterprise risk management consulting firm, consolidates such siloed risk management products to achieve a unified, efficient and profitable risk management practice. This is achieved with a business-driven technology road map and standardised enterprise-wide software application. QRM delivers true enterprise risk management Figure 1. QRM consolidates DBS' disparate risk processes into a comprehensive enterprise‐wide practice The challenge Risk management systems at DBS operated in many silos, consisting of asset liability management (ALM) systems, market risk and trading systems (vended and internal), profitability systems, Basel and regulatory capital systems, credit risk and capital systems, operational risk management systems, data warehouse and a mix of systems that feed data. These departments were allowed to operate in silos as long as they complied with all guidelines. These siloed databases and systems were common among financial institutions, which are now working toward a unified system of risk and return. Please login to read the complete article. If you already have an account, you can login now or subscribe/register.
Categories: Operational Risk, Operational Risk & Security, Risk and Regulation, Technology & OperationsOprisk,OperationalRiskSecurity,Risk and Regulation,technology, Operational Risk,Operational Risk & Security,Risk and Regulation,Technology & Operations, Keywords:DBS, QRM, ALM, Murex, Fermat, MTM, FTP, Microsoft, Market Risk DBS, QRM, ALM, Murex, Fermat, MTM, FTP, Microsoft, Market Risk
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