About this paper
The financial services industry will need to face big challenges head on – particularly the ability to measure and manage firmwide market risk intraday and on demand. In the age when analysis and trades happen in milliseconds, it is surprising that enterprise market risk systems for most banks are still based on legacy technology and overnight batch processes. The whole system is designed to optimize realtime leverage and profit – not manage firmwide and systemic market risk. A sea change is imminent.
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