24 March 2018
visit www.nextgenbanking.co.uk

The Bank of New York extends value-at-risk services; enhances relationship with Riskmetrics

13 January 2004  |  1161 views  |  0

The Bank of New York has extended its Value-at-Risk (VaR) capabilities through an enhanced strategic relationship with RiskMetrics Group. RiskMetrics Group's VaR application, RiskManager, will expand the Bank's VaR offerings to global custody clients by providing access to transparent risk estimation methodologies and easy-to-use software tools that can help them identify and minimize sources of potential loss in an investment portfolio or investment plan.

The Bank of New York's custody clients who elect to receive the service will be able to access the RiskManager VaR application on a daily, weekly, or monthly basis. Clients can select from VaR methodologies including Monte Carlo simulations, parametric modelling, historical simulations, and portfolio aggregation.

"Offering this application strengthens our leadership role in global securities servicing by expanding the range of products and services we provide to help clients evaluate and react to potential risk-causing events," said Debra Baker, managing director of global accounting and risk services at The Bank of New York. "Our VaR offering can help clients stress-test their portfolios and assess the effect of market events as they occur. We also offer report generation as an option."

"The expansion of our relationship with The Bank of New York allows us to tailor our software to its global custody client base," said Stephen Harvey, RiskMetrics Group’s global head of sales and marketing. "RiskManager's array of advanced technologies offers a powerful solution for the Bank's clients to evaluate investment risk and reassess their investment strategies as needed."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit http://info.nice.comVisit www.vasco.comVisit www.nextgenbanking.co.uk

Top topics

Most viewed Most shared
hands typing furiouslyBitcoin at 50,000 USD?
14578 views 0 | 8 tweets | 5 linkedin
BBVA tests 'invisible payments' technology at inhouse cafeBBVA tests 'invisible payments' technology...
12003 views comments | 16 tweets | 35 linkedin
RBS hatches plan to create digital challenger bankRBS hatches plan to create digital challen...
11602 views comments | 12 tweets | 23 linkedin
Barclays partners seven watch brands for contactless timepiecesBarclays partners seven watch brands for c...
10576 views comments | 14 tweets | 31 linkedin
Germany's N26 readies for US launch with EUR110 million capital injection led by Allianz and TenCentGermany's N26 readies for US launch with E...
8481 views comments | 14 tweets | 10 linkedin

Featured job

Competitive base + commission + benefits
UK or Germany

Find your next job