Category: Structured Products
Murex provides one platform to support trading, risk management and processing solutions across asset classes.
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.
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.
SunGard offers Front Arena - as solution that delivers electronic trading and position & risk management across multiple asset classes and business lines, and FastVal - a solution for independent valuation and pricing of derivatives.
WallStreetDocs provides issuers and banks with a front-to-back document automation solution from template creation and maintenance to trade capture.
The company has introduced a Solvency II package covering all three pillars of the regulation and featuring tools for risk analysis and capital calculation. Also included are reporting tools and a set of risk dashboards. In addition, the company has expanded its ARC Logics enterprise operational risk management system to cover the European market, and enhanced the risk and controls module to strengthen integration with the system's other modules. The firm has also added mortgage prepayment modelling and hedge accounting functionality to its RiskPro financial risk management system, and added a web interface and workflow management functionality to its FRSGlobal regulatory reporting tools.