Asymptotix has a new partner in SIAG Risk Management. See the reference on our partner page. We think there is a synergistic fit with what we do and we hope you will agree that SIAG Risk management has the solution if you are reading some of our blogs and wondering, "How am I going to implement this?"

SIAG Risk Management, based in Madrid, consists of an experienced team of 40; including Business Management, Functional and Technical capability e.g. Risk Managers, Economists & IT application developers. All specializing in the risk management functional and technical development process and consultancy.

SIAG Risk Management has developed GRS (Global Risk Solutions) a suite of advanced risk management applications and tools based around the SIAG Risk Management calculation engine technology. GRS-Price Manager is the first module of the suite; it is an advanced tool for the capture, normalization, validation, certification and distribution of external and internal pricing data together with the calculation of unobservable (latent) variables and reporting of key Risk Management numbers.

The major regulatory focus both in Europe and the USA is demanding improved risk management, data integrity and quality, transparency and audit trail traceability. Thus the challenge of accurate, validated pricing has become a key issue. The Spanish Banking and Securities regulatory frameworks were much more strictly enforced than in the UK or elsewhere in Europe (I think it is now commonly agreed), so Spanish institutions have had greater incentives to invest in technology than the rest of Europe thus the commercial context for the development of this hyper fast data integration engine and risk management applications and tools based around calculation engine technology, in Spain. With the take-up of the Spanish approach to Basel II in "Dynamic Provisioning" being driven now by the Swedish Presidency of the EU, we could do well to learn from a Spanish solution to a Spanish challenge which may become the blueprint and standard in Europe.

Where data accuracy, quality and speed is critical to risk analytics, the computational speed of the calculation engines deployed in risk scenario modeling has long been the weak link in the chain; owing to the millions of computations required to produce reliable and accurate risk modeling. This is the major shortcoming of the black box legacy systems which have highly advanced functionality but painfully slow speed often requiring a 5 - 7 hour period to produce a VaR and VaE once a day. In such a volatile market as we have experienced for the last 12 months "on demand" VaR is a real need which the SIAG Risk Management advanced calculation engines are the first to be able to deliver. Programmed in C++ and powered by the calculation engines, the SIAG Risk Management tools and applications are not only class leading in terms of scalable computational speed and power, they are also stable and reliable even when confronted with massive investment portfolios.

The SIAG Risk Management GRS Suite is equally appropriate in the Middle Office of a bank, life insurance institution, asset manager or hedge fund. Thus it has the capability to be a key platform for your Basel II (2.5?) Risk Capital Unit (RCU), integrated with your legacy and core operational source applications.

Asymptotix views GRS from SIAG Risk Management as a key component of a Middle Office or Regulatory/Supervisory compliance solution landscape.

For more information how to implement this contact Asymptotix.