Expert Talk: Risk and regulation transformation – a new technology paradigm
Capital markets are witnessing a risk management revolution as the financial crisis highlighted critical deficiencies in control frameworks. Institutions realized they needed to gather a holistic picture of their exposures and move towards real-time risk management. The massive regulatory shake up that ensued is also reshaping derivatives markets, forcing banks to deleverage their trading activities and reducing their profit margins significantly.
- Risk infrastructures need to be reinvented to deliver regulatory compliance and improved controls, while cutting IT and operational costs
- Rationalising processes and centralising activities onto integrated trading and risk platforms is necessary to restore pre-crisis profitability levels
- Building a highly adaptable and fully real-time enabled risk management framework, will require strong technology partnerships
In this video interview, Alexandre Bon, Global Head, Risk Control at Murex, discusses the value of innovative technology and collaboration models in helping financial institutions adapt to fast-evolving regulatory and business requirements.