When the European Securities and Markets Authority (ESMA) issued new guidelines for liquidity stress tests of investment funds, many wealth and asset management companies lacked the analytics and reporting capabilities needed for compliance. To help its clients meet this challenge, Clarus Risk enhanced RiskMonitor®, a risk reporting platform available as a managed service and as software-as-a-service (SaaS), to include liquidity stress testing.
Developed in MATLAB®, the platform automates data collection from investment counterparties such as fund administrators, applies asset-class and portfolio risk analytics, and generates risk reports customized for each client.
“Our workflow is extremely efficient because we complete it in a single environment, using MATLAB as a common language,” says Max Hilton, managing director at Clarus. “Automating the collection and standardization of portfolio data lowers our costs, while the ability to produce bespoke reports with hundreds of options for our clients differentiates us from our competitors.”