How do you ensure compliance in a fast changing environment?
Data, technological, and operational challenges involved in implementing a counterparty credit risk management process can be overwhelming. The regulatory workload will consume an ever greater proportion of resources as we expect regulators will require clients to perform more calculations, submit more data, metrics, and stress testing results, devote more effort to exposure aggregation and concentration management.
The federal bank regulatory agencies (Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, Board of Governors of the Federal Reserve System, Office of Thrift Supervision) issued guidance to help ensure effective counterparty credit risk (CCR) management practice in banking organizations.
The guidance emphasizes that banking organizations should use appropriate reporting metrics and exposure limits systems, have well-developed and comprehensive stress testing, and maintain systems that facilitate measurement and aggregation of CCR across the organization.
Addressing our clients needs to adapt to regulatory demands without sacrificing efficiency and performance, we have built specific functionality, which is listed by each PrevioRisk module: