Combining vendor-based and in-house solutions helped DBS optimise risk management capabilities
DBS takes a quantum leap in market risk scenarios generation and risk monitoring by integrating two market risk technologies. September 02, 2014 | Neeti AggarwalIncreasingly complex requirements from local and international regulatory bodies are forcing banks in Singapore to re-evaluate and enhance their risk management capabilities. DBS recently launched a project to develop its market risk assessment and monitoring proficiency. The project has significantly improved the bank’s scenario generation and risk management capability while reducing the time required for analysis and risk data reporting. Project rationale Project objectives To achieve these objectives, the bank decided to implement an ambitious solution that encompassed a vendor-based solution, Murex Risk Aggregator (MRA) and its in-house Market Risk Scenario Generator (MRSG) solution. The initiative aimed to replace all related workflows used for Present Value (PV) aggregation and scenario generation. Technology partner and products Please login to read the complete article. If you already have an account, you can login now or subscribe/register.
Categories: Cash, Treasury & Trade, Data & Analytics, Data Management, Operational Risk & Security, Regulation, Risk and Regulation, Risk Management, Technology & Operations, Transaction Bankingcash,Data & Analytics,Data Management,OperationalRiskSecurity,riskregulation,Risk and Regulation,riskmanagement,technology,Transaction Banking, Cash, Treasury & Trade,Data & Analytics,Data Management,Operational Risk & Security,Regulation,Risk and Regulation,Risk Management,Technology & Operations,Transaction Banking, Keywords:DBS, Market Risk, VaR, Murex Risk Aggregator DBS, Market Risk, VaR, Murex Risk Aggregator
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