RiskComply provides cost-effective data analytics for smaller firms

Joint venture brings risk analytics within the reach of smaller firms.

Standard & Poor’s has teamed up with risk analytics provider Advanced Portfolio Technologies (APT) and compliance software provider Aquin Components, to provide a new risk management service called RiskComply. Research conducted by Standard & Poor’s has revealed a growing need among small and medium-sized asset managers in Europe for compliance and risk monitoring solutions that allow fund managers to monitor both mandate and regulatory risk. As an ASP (application service provider), RiskComply will allow customers to lease a combination of reference data and rules-based analysis that would otherwise be cost-effective only for large asset managers. RiskComply is particularly helpful for firms that do not possess the infrastructure or resource to create their own risk and compliance framework. It can help firms keep aware of potential hidden risks within portfolios and can help identify how close these portfolios are to breaching concentration limits. “European directives, for example UCITS III, and the increased use of derivatives by front-office professionals, are making it increasingly difficult for compliance and risk officers to monitor positions within the funds under their auspices,” says Jim Taylor, managing director for S&P’s Global Cross Reference Services division. “RiskComply has been designed exclusively to help such professionals with this important daily task.”