The long road to BCBS 239

The Long Road to BCBS 239 – Are We There Yet?

When the Basel Committee on Banking Supervision unveiled the BCBS 239 principles for risk data aggregation and risk reporting (RDARR) back in January 2013, its ambitious nature sparked controversy within the financial industry. The stringent requirements and significant changes it demanded, particularly for institutions with complex and fragmented data systems, raised concerns about practical implementation. On top of this, the ... Read More
Counterparty Credit Risk

Basel Guidelines: Diving into the Four Counterparty Credit Risk Components 

In a world where market turmoil and systemic risks are pervasive, effective counterparty credit risk management (CCR) becomes increasingly vital. Recent events, such as the collapse of Archegos Capital Management which caused over $10 billion in losses, commodity market volatility after Russia’s invasion of Ukraine in 2022, and UK gilt market disruption in late 2022 and early 2023, have underscored ... Read More
ISDA blog

ISDA Insights from Afar: Examining Key Agenda Items

The International Swaps and Derivatives Association (ISDA) annual general meeting takes place in Tokyo this week. The event serves as a platform for insightful discussions, strategic collaborations, and the exchange of ideas surrounding the latest trends, challenges, and innovations in risk management. While we couldn’t be in attendance this year, several agenda items caught our eye which compelled us to ... Read More
US banking crisis blog image

Exploring the Global Impact of the 2023 US Banking Crisis

It is around a year since Silicon Valley Bank, Signature Bank, and First Republic failed, and while its effects were by no means as far reaching as those in the global financial crisis over 15 years ago, it has sent substantial repercussions throughout the industry, its regulators, and governing bodies. Here, we take a look at some of the global ... Read More
Client Testimonial: TCV

Client Testimonial – The Treasury Corporation of Victoria

The Razor™ Platform (Razor) provides an end-to-end Risk Management, Control and Reporting solution for many organisations from financial services to corporate treasury markets operations. Razor was originally developed to assist financial institutions with the integration of market and counterparty risks in their trading books. This later expanded to include credit and liquidity risk as well as regulatory calculations as required ... Read More
FRC Workbench

Razor Risk launches the Razor Finance, Risk and Capital (FRC) Workbench

The Razor Finance, Risk and Capital (FRC) Workbench is an early warning system which enables financial institutions to identify potential breaches of their risk limits, profitability and other key targets instantly and interactively It also allows a bank to calculate consistent aggregated results to meet a wide range of ad hoc risk management, profitability, capital adequacy and liquidity what-if analysis ... Read More
climate change future loses for banking

Climate change may give rise to considerable future loses for banking institutions, says BIS

The Bank of International Settlements (BIS) whose mission is to support central banks’ pursuit of financial stability through international cooperation has published two reports on climate-related financial risks. The two reports discuss transmission channels of climate-related risks to the banking system, and the measurement methodologies of climate-related financial risks. Climate risk drivers can be captured in traditional financial risk categories, ... Read More

How should firms stress test for climate change?

Climate change creates risks to both the safety and soundness of individual firms and to the stability of the whole financial system. These are already starting to crystallise and have the potential to increase substantially in the future. The challenge for firms is considerable, and perhaps not unlike that posed by market risk and capital adequacy requirements in the 1990s. ... Read More

Challenges to Financial Stability in the Eurozone

Through the bi-annual Financial Stability Review issued in November, the European Central Bank (ECB) warned of potential side effects of its loose monetary policy, highlighting how years of unprecedented stimuli designed to bolster the economy is contributing to an erosion of financial stability. The Review goes to the heart of the challenge faced by the ECB, which has only just ... Read More

Banking Reforms and Governance in an increasingly anxious world

It’s often said that in every crisis there is an opportunity. And in the case of the financial crisis, the regulators, mandated by the G20, seized the moment.

Save a Million on Clearing Costs : Webinar Video Recording

Clearing is now mandated globally which means for many high volume products their processing takes place via a CCP. With this bifurcation of cleared and un-cleared business, new clearing costs occur, but also from having trades in two environments. In this webinar we are going to consider: Whether your firm should move as much business into clearing as possible Whether ... Read More

Meet Razor Risk at Risk EMEA 2018

Razor Risk will be exhibiting and speaking at Risk EMEA 2018  24-25 April in London. Come along to our stand and talk about challenges such as FRTB, organisational change, and business metrics. Use our discount code below to receive a discount on attendance below. Risk EMEA 2018: Financial Risk & Regulation Summit The agenda boasts over 60 senior industry professionals delivering ... Read More

Save a Million on Clearing Costs – A Webinar from Razor Risk and JXL Consulting

Clearing is now mandated globally which means for many high volume products their processing takes place via a CCP. With this bifurcation of cleared and un-cleared business, new clearing costs occur, but also from having trades in two environments. In this webinar we are going to consider: Whether your firm should move as much business into clearing as possible Whether ... Read More

Basle 4 and the Minimum Capital Requirements for Market Risk (FRTB)

The BIS published their reforms to Basle III on the 7th of December with a raft of measures to improve the measurement of risk and calculation of capital. The reforms also have an impact on the arrival of the Minimum Capital Requirements for Market Risk, commonly known as FRTB.

The Future of Risk Management

McKinsey published a report on the Future of Bank Risk Management which we believe agrees with some of our own long term views. Rami Cassis, CEO of Razor Risk Technologies said: “McKinsey have identified a trend we have observed for some time. Firms need to use analytics, trend tracking and business scenario analysis to navigate through regulatory requirements. However this ... Read More
LBBW and Razor Logos

Razor Risk Wins a Contract to Deliver a Global Risk Platform for LBBW

LBBW Chooses the Razor Risk Platform London, UK – June 2017 Razor Risk has secured a contract to deploy our award winning solution Razor™, with Landesbank Baden-Württemberg (LBBW), Germany’s biggest state-backed Landesbank lender. LBBW is a medium-sized universal bank and the central bank of the savings banks in Baden-Württemberg, Saxony and Rhineland-Palatinate. Razor Risk is a specialist provider of integrated ... Read More
celent

Comparison of Razor Risk for FRTB in Celent Report

The Razor Risk FRTB solution is compared to other vendor offerings in a recent report by Celent.
FRTB

First Reds Then Black

In January 2016, the Basel Committee on Banking Supervision published the final rules resulting from its Fundamental Review of the Trading Book (FRTB). The rules are due to come into effect at the end of 2019 and are encapsulated in BCBS 352, Minimum Capital Requirements for Market Risk.
frtb

FRTB Platform Demo

This Webinar will explain how, by deploying Razor, firms will be able to speed up the time to compliance, leverage existing investments in people, technology and intellectual property and have the functionality and time to optimise their Market Risk capital consumption.