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

Pictet Integrates Wolters Kluwer Risk and Reporting Solutions to Create Single Platform

Subscribe to our newsletter

Pictet Group is extending its use of Wolters Kluwer Financial Services solutions with the addition of the supplier’s financial risk management software to existing regulatory reporting capabilities. The Geneva-based asset manager has started to integrate the solutions with a view to creating a single platform and standardised data management processes across its risk and finance functions.

Pictet selected the Wolters Kluwer Financial Services risk management software, which will replace a competitive vendor solution, to meet its requirement for an integrated and scalable solution to automate asset and liability management, liquidity risk and market risk. The software also provides indicators such as value at risk, capital requirements and liquidity ratios, and supports business and regulatory requirements for stress testing, dynamic simulations and reporting. Implementation of the software started recently at Pictet’s head office in Geneva and is expected to be complete by the end of the first quarter of next year.

Emmanuel Duterme, risk manager at Pictet, says: “Wolters Kluwer Financial Services’ integrated platform provides us with the ability to conduct more advanced risk measures and handle multiple positions, including complex derivatives, enabling a more in depth understanding of our trading risk portfolio. It also allows us to add additional finance capabilities, such as funds transfer pricing and consolidation, at a later date.” On the combination of the Wolters Kluwer Financial Services regulatory reporting and financial risk management solutions, he adds: “Integrating the solutions on one platform made sense from both a regulatory and business standpoint.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: The evolution of enterprise data management for ESG – managing non-standard and unstructured data

The challenges of sourcing ESG data to meet investment and regulatory requirements are well rehearsed. Managing the data to accelerate sustainability performance is another step forward, with the need to evolve enterprise data management and integrate unstructured and non-standard ESG data. A successful solution typically includes a single, trusted data master based on many sources,...

BLOG

Automation Failure in Capital Markets – Why We Need to Talk About Data Management

By James Maxfield, Head of Product at Duco. ‘I don’t understand what all these people do?’ is a common question in capital markets as budgets are set for the next cycle and the C-team (EO,FO,OO) queries its cost base. This creates a cycle of justification from process owners – ops, risk, finance – who usually...

EVENT

ESG Data & Tech Summit London

The ESG Data & Tech Summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...