![]() From UMR and the changes in CSAs, CBAs, credit evaluation adjustment, to the interbank offered rate (IBOR) transition going on now, you name it, we have been working on it with our clients and developing software solutions. We rode that wave through all the regulatory changes that have come through in the past decade. We initially started with the European banks and we quickly found ourselves working with the tier-one banks globally in their core market risk and counterparty credit risk. We established Quaternion in 2010, working across the full range of risk, market risk, and counterparty credit risk. Gallagher: The founders of Quaternion have been in risk management for over 20 years. The only way we could see ourselves providing that service was by moving beyond the partnership with Quaternion and joining together.ĪcadiaSoft stated that the deal will bring “significant depth” to its risk product offerings, could you please elaborate on this? Once they have calculated risk, they need to start optimising it, so they are going to need these new competencies. The more we saw this, the more we realised that including quantitative capabilities would be critical for our clients in the long-term. We also realised our clients need a greater level of expertise and additional services. Our partnership with Quaternion reduces the burden on clients by delivering a risk solution that calculates their risk sensitivities and ultimately enables them to submit initial margin to their counterparties. To do this, they need competencies that they haven’t had to invest in previously. It requires our clients to transform in another way and calculate risk under new regulations. ![]() With phase five going live in September of this year, we are now seeing the impact on the buy-side. Walsh: For AcadiaSoft clients, the Quaternion acquisition is mostly driven by the Uncleared Margin Rules (UMR), which entered the market in 2016. What does the acquisition of Quaternion mean for Acadiasoft’s clients? Chris Walsh CEO AcadiaSoft Donal Gallagher CEO QuaternionĪcadiaSoft CEO Chris Walsh and Quaternion CEO Donal Gallagher discuss how their new joint entity brings a strong commitment to developing integrated risk management solutions that will help the industry navigate the many regulatory and cost challenges it faces
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |