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As the last few years have shown clearly, credit risk is a huge issue and firms must pay very close attention to how that risk is managed. Unless done well, the operational risk of being unable to respond quickly and effectively to a credit event leaves firms badly exposed. All this leads to greater use of collateral as a management tool; however, complex arrangements about what collateral can be called on, and in what circumstances, only adds to operating costs - unless this is automated. Helen Bramley, Product Director of leading software vendors Lombard Risk, explains why collateral automation is the way to go, and describes the services available to help firms determine if automation is right for them. “The events of the past few years have seen many organisations including major banks...
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