CHICAGO - (Business Wire) Aleri Inc., a leading provider of enterprise-class complex event processing (CEP) technology and CEP-based solutions, today announced the publication of an analysis report entitled “What If You Could Have Heard the Bubble Bursting,” authored by the neutral think-tank JWG-IT Group. The report identifies the essential tools banks must acquire in order to comply with new liquidity risk regulations. The paper also explains the business benefits of implementing enterprise-wide risk intelligence tools. Aleri is a member of JWG-IT’s Liquidity Risk Action Network (LiRAN) and is also participating in:
PJ Di Giammarino, CEO of JWG-IT, comments: “Even at this early stage of the new regime, it is clear that one of the bank’s key success factors will be the exposure of its underlying information to senior management in a real-time and unobtrusive manner. Event-driven architectures that transform information from their core processing systems and enrich, bucket, store, and retrieve it efficiently are well suited to the task.”
“New regulations have forced banks past a tipping point for their infrastructure and they will need to implement new approaches to liquidity risk management. While it is possible to remain on legacy platforms, it will become increasingly impractical to glue information together in spreadsheets and static accounting-focused databases.”
Anticipating the need for better ways of managing liquidity risk, which markets and regulators are now calling for, Aleri developed and launched the Aleri Liquidity Risk Manager (LRM), designed to offer banks an enterprise-wide tool for measuring liquidity exposure and liquidity ratio. LRM provides insight into the effects of stress events on enterprise liquidity, enabling more effective contingent liquidity risk management practices and allowing key personnel to calculate liquidity gap positions, identify periods at risk, define and store liquidity scenarios, run stress scenarios against gap positions, intelligently apply and recommend use of counterbalancing capabilities to gap positions, and improve liquidity gap and ratio reporting to regulators.
Don DeLoach, CEO Aleri, comments: “The information required to manage liquidity risk profitably is in the banks’ systems. The challenge is to find it in a way to tap the source systems in a clean, maintainable and efficient manner. Not only will this keep the CFO happy by reducing costs, it will get the business much closer to the holy grail of enterprise-wide risk intelligence.”
About Aleri
Aleri, a leading provider of enterprise-class complex event processing (CEP) technology and CEP-based solutions, provides a high performance platform to quickly build and deploy real-time applications that can analyze and respond instantly to high-volume, high-speed data to minimize risk and increase competitive advantage. In March of 2009 Aleri merged with Coral8, combining two leading providers of CEP technology to expand market reach and increase the speed of innovation for next-generation, real-time event processing technology and solutions. The combined product family offers a comprehensive software suite for developing, implementing and delivering real-time analytics and Continuous Intelligence™ for time-critical business decisions.
Driven by market demand, Aleri also provides CEP-powered solutions that address specific challenges and enables the financial industry to respond faster to changing conditions and make better decisions through more timely information. Aleri’s CEP powered solutions include:
- Aleri Liquidity Management System (LMS) - provides end-to-end real-time management of cash and liquid assets to reduce short term liquidity risk and ensure optimal funding
- Aleri Market Liquidity Analysis engine (MLA) - consolidates and analyzes multiple order book feeds from individual exchanges to provide a powerful tool for trading in fragmented markets.
- Aleri Real-Time Risk Monitor framework - provides a template for rapid implementation of a customized, comprehensive solution for consolidating positions, limits and exposures across asset classes in real-time to manage both credit and market risk
- Liquidity Risk Manager (LRM) - provides a flexible liquidity stress testing environment that enables banks to model stress events and gain insight into how different scenarios would impact the bank’s liquidity exposure.
Aleri is a global company headquartered in Chicago with offices in Mountain View, New York, New Jersey, London, and Paris. For more information, visit www.aleri.com.
About JWG-IT Group Limited
JWG-IT is the only financial services industry think-tank to facilitate collaborative work to resolve industry issues created by regulatory change. Based on a working model started in 2005, JWG-IT has established strong relationships with EU administrators, leading firms and companies. It is neither lobbyist nor consultancy and revenues are restricted to membership and event fees and content sales. The JWG-IT Think-Tank is designed to help members and participants manage regulatory-driven change better, quicker, cheaper and with less risk. JWG-IT launched the customer data management group and the liquidity risk action network in 2008. For more information, see www.jwg-it.eu.
Aleri
Kelly Shumaker, +1-312-540-7347
kelly.shumaker@aleri.com
or
Cognito
Ishviene Arora, +1-646-395-6300
Ishviene.arora@cognitomedia.com
or
JWG-IT
Louisa Excell, +44 20 7608 2500
louisa.excell@hotwirepr.com
