Trends Report

Key Building Blocks For Financial Risk Management In Banking

Support Regulatory Compliance With Targeted Or Broad And Rich Risk Management Solutions

January 28th, 2014
With contributors:
Holger Kisker, Ph.D. , Nasry Angel

Summary

Supervisory regulation has been a key topic for financial services firms for decades. However, it moved to center stage during the 2008 financial crisis, and Forrester surveys show that coping with regulatory compliance is the single most important business requirement driving change initiatives. Thus, financial risk management solutions are key elements of many financial services firms' plans to become and to remain compliant with supervisory regulation and to improve their internal risk management capabilities. This report uses a structured representation of the different types of financial risk management to position the risk types addressed by selected off-the-shelf solutions. This approach will help application development and delivery professionals who are new to this space gain a more rapid understanding of financial risk management solutions; those who are already familiar with this space will be able to make an accelerated shortlist of suitable solutions.

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