White Papers

Mahindra Satyam: Cloud Enabled Value at Risk Solution

Financial Institutions all around the world are strengthening their risk functions from the back office to a strategic role. This has been marked by the gradual evolution of the risk function from the silo-ed risk manager attached to a desk to the Chief Risk Officer having jurisdiction across trading, fund management, marketing, operations and IT. One of the key drivers of this change is the increased regulatory requirements such as the Dodd-Frank act and the Basel III norms which are emphasizing the need to take a holistic view of risk faced by the firm across the enterprise. The regulations are also increasing the reporting requirements in terms of both the amount and type of information which needs to be reported to the regulators.