New report highlights the current state of the risk organization at buy-side firms and describes the recent changes in the risk systems landscape
Risk management at buy-side firms continues to evolve with an increasing need to support the front office with ad-hoc analysis and ease the regulatory burden of greater transparency, stress testing, and liquidity risk management. While buy-side firms feel the pressure to simplify architecture, they are also looking to consolidate across asset classes as well as migrate on-premises risk platforms over to SaaS alternatives.
In a new Impact Report, Buy-Side Risk Management Trends: Multi-Asset Consolidation, research and advisory firm Aite-Novarica Group highlights the current state of the risk organization at buy-side firms, significant new trends affecting risk teams, and updates to regulation impacting buy-side risk management. The report also focuses on the technology challenges these firms face and recent changes in the risk systems landscape.
“Pressure from management means some firms must consider front-to-back or front-to-middle systems that have risk capabilities sufficient,” said Paul Sinthunont, Strategic Advisor at Aite-Novarica Group. “Firms should understand the gaps and future plans of these vendors, and partner with providers that have open architectures and are open to partnerships. This means best-of-breed analytics may still be achieved within the integrated system.”
About Aite-Novarica Group:
Aite-Novarica Group is an advisory firm providing mission-critical insights on technology, regulations, strategy, and operations to hundreds of banks, insurers, payments providers, and investment firms—as well as the technology and service providers that support them. Comprising former senior technology, strategy, and operations executives as well as experienced researchers and consultants, our experts provide actionable advice to our client base, leveraging deep insights developed via our extensive network of clients and other industry contacts. Visit us on the web and connect with us on Twitter and LinkedIn.