Seldom do financial institutions find a path of unexpected economy and functionality-especially in the enterprise landscape where legacy- system integration inevitably creates costly, time-consuming complications. In fact, while many financial institutions are still struggling to implement enterprise market risk systems to meet value at risk (VAR) compliance, and reluctantly anticipating the further investments to be required by enterprise credit risk systems, they could be implementing both systems for the price of one.
No, this is not a holiday software markdown, but simply the nature of the newest credit risk systems. They are developed to handle the integrated market and credit risk analysis required by counterparty credit- risk and credit-limit management in complex derivatives portfolios. They easily manage the credit- risk analysis associated with lending and other credit-related activities.