About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Asset Control Extends AC Risk Data Manager to Support FRTB

Subscribe to our newsletter

Asset Control has made an early start to developing a solution for Fundamental Review of the Trading Book (FRTB) regulation that is due to take effect in January 2019. The solution builds on the AC Risk Data Manager software introduced by the company a year ago and focuses on market data management requirements required by the Basel Committee regulation.

To meet FRTB requirements, the company has extended the AC Risk Data Manager data model to manage FRTB market data and calculations, and added a new user interface for business rules that can be set by users for functions such as stress testing. An early release of the software is on beta test with a handful of Asset Control clients, ahead of market availability in the third quarter of this year.

Martijn Groot, vice president of product management at Asset Control, explains: “Since the final text of FRTB was published in January 2016, the regulation has become an agenda item for sell-side firms. We started a requirements phase with some of our clients late last year. We already had independent pricing functionality, but have built out the AC Risk Data Manager data model and added business rules to meet FRTB requirements such as configuring and monitoring proxy rules, screening and completing time series histories, and managing stress scenarios.”

As well as providing a solution for FRTB, Asset Control expects the extended AC Risk Data Manager to play into the market data management and price requirements of Markets in Financial Instruments Directive II (MiFID II) and any other forthcoming regulations that include market data integration and calculation.

Considering the scale of FRTB, Groot warns: “It is critical that institutions start assessing what process and system changes are needed in order to address FRTB today. A structured market data management process is required, from efficient sourcing and integration, to risk factor mapping, proxy rule management and the tracking of quality metrics.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Sponsored by FundGuard: NAV Resilience Under DORA, A Year of Lessons Learned

The EU’s Digital Operational Resilience Act (DORA) came into force a year ago, and is reshaping how asset managers, asset owners and fund service providers think about operational risk. While DORA’s focus is squarely on ICT resilience and third-party dependencies, its implications extend deep into core operational processes that are critical to market integrity, investor...

BLOG

Sanctions Screening Takes Centre Stage in Riskier New World: Webinar Review

Financial institutions are battling to comply with an increasingly complex and intense sanctions regulatory environment as they contend with “multi-dimensional exposures” across the globe, experts in a recent A-Team LIVE webinar said. Geopolitical tensions, economic conflict and rapidly advancing technological developments are posing new threats to national cohesion, economies and individuals, sparking a regulatory crack...

EVENT

Buy AND Build: The Future of Capital Markets Technology

Buy AND Build: The Future of Capital Markets Technology London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

RegTech Suppliers Guide 2019

Welcome to our brand new RegTech Suppliers Guide. This unique guide provides detailed data profiles on close to 100 suppliers in the RegTech world, offering you an unrivalled selection of solutions for your most pressing financial regulatory challenges. The aim of the A-Team’s RegTech Suppliers Guide is to steer you through this complex marketplace, offering...