Investment banks can now receive joint support to address upcoming risk management regulation
Information Builders and Capital Markets Consulting have launched a solution to support investment banks and regulators in meeting the new demands of risk data aggregation and regulatory reporting. This includes the upcoming regulations, PERDARR (Principles for Effective Risk Data Aggregation and Risk Reporting) which come into force in 2016.
The joint offering delivers a best of breed data transformation, integration, governance and management platform around risk data aggregation and risk reporting. It enables the transformation of data and the data management culture within investment banks, ensuring that data is properly prepared, maintained, managed and governed to meet changing regulations and provide competitive edge. It is based on Capital Markets Consulting’s expertise in regulatory, risk and finance change delivery combined with Information Builders’ data integration and integrity solutions.
For the investment banking community, the platform will enable firms to better calculate aggregated risks through accurate, complete, timely and consistent access to regulatory, financial and risk related data. This can help lead to enhanced reputation through better risk profiling, meaning improved decision making and more transparent reporting.
Furthermore, it allows regulators to have increased insight into the systematic risks that may be apparent in the banking system through improved access to better maintained, more accurate data across the investment banking community.
“The massive consolidation in the financial services sector, combined with ever increasing complexity of service offerings and explosive growth in the volume of data, has left many investment banks on the back foot when it comes to timely access to accurate, current and consistent data,” said Steve Wyer, managing director at Capital Markets Consulting. “Our link up with Information Builders is putting data in the driver’s seat, helping investment banks extract real value, and transform their data into business aligned assets.”
“Working together with Capital Markets Consulting, we can provide a platform of knowledge and industry standard best practice, combined with sector insight, tools and software to deliver a world class solution,” added Peter Walker, managing director, UK, at Information Builders. “In addition to meeting global regulations and having better insight into risk management, it helps to deliver significant business benefits such as enhanced reputation and increased control.”
About Information Builders
Information Builders helps organisations transform data into business value. Our software solutions for business intelligence and analytics, integration, and data integrity empower people to make smarter decisions, strengthen customer relationships, and drive growth. Our dedication to customer success is unmatched in the industry. That’s why tens of thousands of leading organisations rely on Information Builders to be their trusted partner. Founded in 1975, Information Builders is headquartered in New York, NY, with offices around the world, and remains one of the largest independent, privately held companies in the industry. Visit us at informationbuilders.co.uk, follow us on Twitter at @infobldrsuk, like us on Facebook, and visit our LinkedIn page.
About Capital Markets Consulting
Capital Markets Consulting is a regulatory, risk and finance change delivery consultancy. It provides skills, expertise, tooling and methodology that enable clients to develop, deliver and embed significant transformations within their business. It specialises in providing consulting and delivery services within the financial services sector with a particular focus upon capital markets and investment banking, insurance and investment management.
Capital Markets Consulting has considerable expertise and proprietary IP, systems and techniques within the areas of capital and RWA management & reporting, liquidity management, collateral optimisation and risk data aggregation.
To find out more please go to http://www.cmc-europe.com/