Global application software and services company Misys has launched a new enterprise market risk solution for financial institutions. Called Misys Risk, the solution enables financial institutions to measure, control and manage risk across multiple asset classes, instruments, portfolios and systems. According to Misys, the new solution also helps users to meet evolving risk and regulatory requirements such as Basel.
“Misys enabled us to implement a Basel 2.5 component for internet relay chat in a very short timeframe without needing to disrupt out entire risk framework,” said Michele Bonollo, head of IT risk management at Banco Populare, which has just implemented Misys Risk. “The tight integration of the Misys Risk framework...