Risk managers will be able to use this new module to monitor and oversee risk exposures with measures such as value-at-risk, stress tests and risk factor sensitivities.
Calypso Enterprise Risk Service (ERS) uses a service-orientated architecture (SOA), distributes risk simulation analysis over a compute-grid and delivers results in a web browser. Calypso says this architecture is designed to meet the scalability, extensibility and deployment requirements that financial firms need to manage their business.
Calypso says the increasing complexity of financial instruments and growth in markets such as credit derivatives has placed demands on existing risk management systems, making it harder for risk managers to get the visibility they need on enterprise risk exposure.
Calypso ERS enables financial firms to meet the challenge of calculating, aggregating and disseminating key risk measures that are same-day not next day, utilizing pricing models calibrated by the firm and covering the depth and breadth of trading activity, claims Amir Khwaja, director of risk management at Calypso.
