PrevioRisk - A counterparty credit risk management system

Dubai - 20 May 2013

Compono Strategia, a credit risk services provider, has leveraged risk analytics from RiskMetrics, an MSCI brand. These analytics will deliver an integrated framework for counterparty credit risk management through the PrevioRisk platform for banks, brokers and corporates in the Middle East.

Uzma Naeem Ikram, Director Compono Strategia, says: “Banks, corporates and financial institutions will benefit from the integration of PrevioRisk’s power in fully configurable rule and aggregation functionality, with the best-of-breed risk and stress testing capabilities provided by RiskMetrics Web Services. Sell-side traders and risk managers will benefit from the ability of PrevioRisk’s technology to support all margin models and asset types, with the flexibility to respond dynamically to client needs and market events. Clients will gain greater control and transparency from enhanced reporting though the replication of counterparty methodologies and seamless integration of analysis and data.”

Robert Ansari, Head of Coverage for the Middle East, MSCI, adds: “Given the forthcoming implementation of the Basel III guidelines, the risk measurement and management of bilateral and central counterparty (CCP) agreements has become a greater area of focus for our clients globally. RiskMetrics counterparty credit risk analytics are evolving to help our clients become more compliant with their internal and regulatory requirements. We are delighted that Compono Strategia has chosen to utilize our analytics, allowing PrevioRisk platform users to receive intraday risk and exposure analysis, which will then drive the generation of reports on-demand across multiple asset classes.”

Key benefits of the offering include: Counterparty Credit Exposure, CVA, client-specific stress scenario based margining; what-if-scenarios; combined risk and margin rule-based exposure analyses.

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