On Demand Risk Analysis Needed
May 18, 2009
Facing an unprecedented amount of market data that must be collected and stored, financial institutions need to support an on-demand analytics infrastructure capable of managing data across asset classes, portfolios or business lines, according to a new report from New York-based research firm Tabb Group.
"Not all firms have the necessary infrastructure to get the true picture of what their risk is at the time they need it," said Adam Sussman, director of research at Tabb.
Highlighting three of their recommendations--speedy adoption of electronic platforms, increased use of tools and methods facilitating standardization of instruments, and ensuring enterprise- and industry-wide interoperability by deploying third-party tools--the Tabb Group concluded that "accomplishing these goals means ... deploying the most refined rules engines and a high-performance database to keep the monumental list of datasets organized and transparent, concurrently for a vast, diverse array of end users. This is a requirement for timely, adaptive response to the markets."
