Category: Market Risk
MG-Alfa is a financial modelling system for insurance and pension funds. The system can be deployed as a desktop solution for typical actuarial modelling, or as an automated end-to-end production solution for Solvency II. Key advantages include processing speed, unlimited capacity for stochastic ALM models, a flexible data model and flexible business logic, Excel-based tabular input and reporting tools, and extensive tools for controls and governance. MG-Alfa is now integrated with Microsoft Azure and future enhancements will expand the Azure integration and offer additional support for International Financial Reporting Standards (IFRS) and Solvency II.
OpenLink has added Collateral Management Desktop to its Findur financial and Endur energy trading and risk management systems. This supports bilateral credit support annex (CSA) margin analysis, margin stress testing and liquidity analysis, and collateral statement documentation and memos. Meanwhile, Margin Desktop is a module for collateral management of exchange-traded and cleared products, with margin analysis, calculation and validation. Generic Instrument Designer allows users to create exotic options with payouts based on any combination of attributes, including digital, barrier, range accrual, inflation-linked, quanto and floating strike. A module for Financial Accounting Standard 91 compliance supports the accounting of discounts, premiums and fees.
PillarOne is a modular enterprise risk management platform that can run on anything from a single laptop to a grid or cloud. It is used by insurance and reinsurance companies to build and execute models for risk and capital management, portfolio and reinsurance optimisation, ALM and cashflow projections. PillarOne provides documentation and process support features to help comply with the governance requirements of Solvency II's pillar 2. Its plug-in architecture makes it possible to add regulatory reporting software to the system. PillarOne's core is open source.
ActivePivot Integration Services for the ActivePivot real-time, in-memory, online analytical processing engine includes adapters for source data such as flat files, databases and distributed caches, as well as a relational store that simplifies data integration. Meanwhile, ActivePivot Sentinel is an intelligent agent for monitoring the real-time data in ActivePivot. By recording aggregated values, Sentinel can monitor complex business rules, such as ‘profit and loss < 0 for the last 30 minutes and value-at-risk not decreased by half'. When a rule is broken, it generates an alert that includes all the data associated with it.
Changes to SAS Risk Management for Insurance include support for counterparty default and operational risk under the Solvency II standard formula, and enhanced reporting capabilities that aggregate risk analysis results for all risk types. Meanwhile, SAS Risk Management for Banking now addresses Basel III requirements on liquidity, the incremental risk charge and the counterbalancing of hedging assets. Enhancements to SAS Enterprise Governance, Risk and Compliance (GRC) include a single corporate policy repository, a faster one-stop audit system and an updated comprehensive GRC programme view, the company claims. Changes to SAS Fraud Management include an integrated application programming interface, increased operational management and real-time transaction scoring.
Tradar is a leading supplier of portfolio management and accounting solutions to the buy-side, with in excess of 220 clients across more than 30 countries worldwide. Tradar's solutions are highly scalable and support investment management clients ranging from an AUM of US $10m to US $300bn. Founded in 1997, Tradar offers multi-asset class platforms supporting virtually any investment and trading strategy. Tradar has offices in London, New York, and Hong Kong.