Risk management is a crucial issue for the financial survival of institutions. Poor portfolio risk management continues to be a significant pain point for financial institutions large and small. Unpredictable nature of the markets calls for risk to be assessed and managed in the most efficient manner and on an ongoing basis. Major financial and economic risk drivers include shareholders, regulators, FASB, SEC as well as rating agencies. Legislation such as the Basel Capital Accord II, the Patriot Act, and the Sarbanes/Oxley Act has made it even more essential for money managers to be able to deliberately understand, manage and assess risk.
Assessing risk in connection with managing diverse and complex financial assets is a very complicated process, which requires sophisticated tools. Automating financial risk management procedures is a great way to establish an ongoing system that is capable of accessing numerous data points, thus providing a thorough analysis. Read more