As part of the relationship PKF Banking & Capital Markets solutions will partner with Numerix to provide pricing and risk analytics to address a range of solutions including structuring and valuation for banking and insurance products, counterparty credit risk management and market risk management, including Fundamental Review of the Trading Book assessment and implementation.

Addressable uses cases also extend to solutions for EBA and ECB Stress Tests, comprehensive scenario analysis capabilities, profitability analysis and risk adjusted returns, as well as financial derivatives analytics in support of dispute services.

“The final Fundamental Review of the Trading Book rules have introduced many questions in terms of technology infrastructure and data requirements, as well as challenges in terms of how the new market risk regime will impact capital requirements,” said Steven O’Hanlon, CEO of Numerix. “Through this partnership our sophisticated risk analytics capabilities can be extended to a new marketplace helping institutions to address a range of complex pricing and risk management challenges, including the development of a strategic approach to Basel III capital and risk requirements and FRTB implementation. We’re happy to support PKF with deeper derivatives pricing and risk capabilities and look forward to our future collaborations.”

“We chose to work with Numerix not only for its deep library of market-tested pricing and risk models and extensive instrument coverage, but for its flexibility in risk managing complex derivatives, structured products and insurance products,” said José Gonzaga Rosa at PKF. “Through this partnership, PKF will have access a full spectrum of highly specialized risk services to offer its clients, as well as the local knowledge and expertise to drive Numerix solutions throughout our region. We look forward to working together and building on this partnership.”