In 2009 following the market events of 2008, we talked about risk being topical. Politics and market evolution is a gradual process, but it can be seen that now in mid-2010, risk is definitely beginning to bite.
Liquidity risk is about to become law via the FSA’s Quantitative Directive in June, the scale of sovereign risk has teeters on the systemic edge. Focus applies right across the hidden issues in front, middle and back office processes – can pre-trade risk control the high frequency markets, can the middle office handle and dashboard enterprise data volume and are failed trades being swept into Pandorroa’s box? All must now be exorcised in order to avoid any repeat of recent history and build a new approach.
The market understands risk – the challenge is implementing risk management. Data and business process lies at the heart of the challenge – the sheer volume of data and the inertia of established practices are the core issues. Regulatory pressure is in the ascendency and looking for market prudence to remodel itself or be remodelled, and highly granular, near real-time analysis and scenario back testing with liquidity at its heart is now emerging as a threat to continued operations as we have known them.
Technology focus now includes data access and cleansing; and infrastructure technologies around processors, networks and hardware are being asked to crunch more and at faster rates. Additionally – the advanced maths of traditional risk has to be elevated to the levels of senior management who can need dashboards not algorithms to guide them in pulling the business levers. The combination of components and possibilities for solutions needs exposure and debate. fasterRISK from Intel will continue the tradition of this successful event series by assembling a uniquely broad range of experience to fully air the subject including: credit, market, operational, liquidity and systemic risk - blended with commentary of enabling routes with today’s most innovative technologies.
In 2010 nobody is likely to be reprimanded for looking at better approaches to risk management – advanced technologies will be the enablers, and this event will provide some valuable input to current thinking.
This event – the 17th in the fasterCITY series will talk about these new products and where pre extensive pre-release trials have shown the potential. We will shine a light on Intel’s multibillion dollar research and development program and how we continue to deliver to Moore’s law – bringing innovation to market in ways inconceivable just a few years ago.
This event is co-sponsored by:
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BT
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Thomson Reuters
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FernBach
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SAAS Institute
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Sybase
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QuIC
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SAP
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ICAP
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Platform Computing
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| Event Name: | fasterRisk |
| When: | Mon 21 June 2010, 06:15PM |
| Where: | Royal Institute of British Architecture (RIBA), 66 Portland Place, London W1 |