LMRKTS helps banks bridge the SA-CCR adoption gap
PR87631
NEW YORK and LONDON, Jan. 18, 2021 /PRNewswire=KYODO JBN/ --
LMRKTS, an industry-leading optimization and compression provider, announced
the completion of its third optimization cycle for clients who calculate their
capital requirements using the Basel Committee on Banking Supervision's
Standardized Approach for measuring Counterparty Credit Risk (SA-CCR).
Banks face new challenges in post-trade counterparty exposure management as
SA-CCR is being implemented globally. In addition to managing the complexity of
new netting sets and a new methodology, banks must continue to optimize and
mitigate exposures with counterparties still utilizing the Current Exposure
Method (CEM). The phased transition risks the bifurcation of optimization
networks and creates additional headwinds for banks' treasury resource
management and XVA teams.
Since June 2020, LMRKTS' solution has enabled clients to optimize against a
combined network of both CEM and SA-CCR counterparties in a single cycle. "Our
innovative approach to holistically managing both methodologies will not only
allow the network to remain intact but also grow as additional regions migrate
to the SA-CCR framework," said Andrea Ianniello, President and Chief Commercial
Officer of LMRKTS. "This dual objective service is the most recent example of
LMRKTS proactively helping our network adapt to the changing regulatory landscape."
LMRKTS is a leading optimization and compression provider that uses
mathematical optimization to help financial institutions manage risks and
regulatory capital costs. LMRKTS contributes to the stability of the financial
system by reducing capital, balance sheet, and operational costs for its
clients. Since the launch of its first commercial service to reduce risk and
leverage exposures in G10 currencies, LMRKTS has gone on to eliminate trillions
of dollars of obligations between some of the world's largest financial
institutions. LMRKTS was founded by former traders and technologists who saw an
inefficiency in short term risk management and has received investment from The
World Bank and Motive Partners.
Related links:
https://www.linkedin.com/company/lmrkts
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Source: LMRKTS LLC
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