Celent, a Boston-based financial research and consulting firm, is
launching a new research service: Finance,
Risk & Compliance (FRC). The
research service aims to deliver the latest thinking and insights around
issues of strategy, operational practices, and technological underpinnings
to achieving high-performing finance, risk, and compliance functions.
Celent's unique research and advisory service will help financial
institutions and technology providers stay abreast of industry trends,
seize opportunities, and monitor the playing field.
The first report in the service, Beyond
Basel II: Evaluating the Financial and Credit Risk Solution Vendors 2008,
is now available.
"Market dynamics and regulatory trends
are driving firms towards improving the way they examine, measure, and
manage risk," says Cubillas
Ding, a senior analyst with
Celent's Securities & Investments Group. "We are seeing a
competitive impetus to embrace advanced risk practices and to achieve
risk-adjusted performance measures."
Changing stakeholder expectations, product complexity, and expansion opportunities are not only changing the way institutions manage risk but also aligning risk activities with finance, capital management, and compliance functions. At the same time, regulatory fatigue from risk and compliance initiatives over the past few years has resulted in pressures to reduce costs associated with compliance, both IT and non-IT. How can these strategic objectives be achieved? What practices and technology should firms embrace? How should financial institutions formulate a coherent response?
“The most recent events in
capital markets have shown that financial, risk and compliance
management are the cornerstones of a healthy financial
environment. The combined strengths of Celent and Oliver Wyman
should make this new research offering essential for firms
navigating the landscape of regulations, finance and risk
practices, and technologies,” says Dr.
Mayiz Habbal, Senior
Vice President of Celent’s Securities & Investments Group.
Celent's new research service will
delve further into issues of finance, risk and compliance with a
series of reports, each including analysis and valuable advice
for financial institutions and vendors exploring the industry.
It will combine a unique proposition of research, practical
implementation insights, and collective best practice
intellectual capital from Celent and Oliver Wyman.
The next few reports to be published under this service will be:
· Streamlining Controls Functions: Solid and Lean
· Model Validation Best Practices
· Collateral Management
· Liquidity Management
To learn more about this new service, please contact Andrew Renzella at arenzella@celent.com
or
+1.617.262.3124.