The new risk management system will enable the firm to deal with the growing regulatory requirements, including the forthcoming Federal Financial Services Act (FIDLEG) in Switzerland and recent changes to FINMA circulars.
The frequent changes in regulations have made it vital for the companies to seek objective advice and thorough reporting of risks as part of the daily client financial advisory business.
Designed to offer on demand quantitative risk analyses of client portfolios and portfolio based pre-trade suitability simulations, ImpaQt feeds high quality data from SIX Financial Information’s reference data universe and market data history into swissQuant’s calculation engine.
While keeping all clients related data in-house, the system enables the client advisors to interactively visualize market and credit risk on the bank’s intranet, thus offering the highest level of client discretion and secrecy.
Capable of integrating with existing IT infrastructures with common core banking or portfolio management systems, the technology addresses the demand for in-depth, objective analysis of instrument and portfolio risk. It also meets regulatory standards for client protection, pre-trade suitability and risk education.
Expected to be available from October 2013, ImpaQt ensures compliance with national and international laws and regulations, including MiFID I and upcoming MiFID II, FIDLEG.
