Chartis Research has named Wolters Kluwer Financial Services a Category Leader and top-rated provider for the financial services industry in its Liquidity Risk Management Systems RiskTech Quadrant® for 2014. In the RiskTech Quadrant®, Chartis evaluates providers on two key factors—completeness of offering and market potential. According to Chartis, Category Leaders such as Wolters Kluwer Financial Services “combine deep domain knowledge in various risk topics with deep technology assets and capabilities.”
Regulatory pressure and scarcity of capital are forcing financial institutions to take a more comprehensive approach to liquidity risk management. As a result, Chartis indicates that liquidity risk management solutions are no longer solely focused on large financial institutions. Now, the marketplace for solutions has expanded to include smaller financial institutions investing in liquidity risk management platforms. Wolters Kluwer Financial Services’ liquidity risk management offering is based on an integrated solution that addresses the finance, risk management, performance and regulatory reporting business areas of financial institutions and enables customization based on the size and type of institution.
Additionally, the Chartis report indicates that stress and scenario testing capabilities are increasingly essential. Wolters Kluwer Financial Services’ solution covers capital calculations, CVA, wrong-way risk, counter-party credit risk, funds transfer pricing, liquidity ratios, liquidity risk, ALM, reporting and disclosure, static and dynamic exposure analysis, (L)VaR, limit management, stress testing, andscenario and behavior analysis. The solution also covers market risk, operational risk, and credit risk requirements.
“As regulators continue to apply greater focus on the liquidity risk within firms, it is becoming increasingly important for firms to be able to assess and monitor their liquidity risk effectively,” said Nancy Masschelein, vice president, market management, Finance & Financial Risk, Wolters Kluwer Financial Services. “Our position in this report reflects the robustness of Wolters Kluwer Financial Services’ liquidity risk management solution as it enables a holistic view of risk and encourages fact-based decision-making.”
In May 2014, Chartis also recognized Wolters Kluwer Financial Services a Category Leader in its RiskTech Quadrant® on Operational Risk Management Systems for the second year in a row.