Standardized Approach Counterparty Credit Risk
(SA CCR)
Tech Strategy and Implementation – Case Studies
- Large Global Markets Bank.
- Client was mandated by regulators to formulate a new counterparty risk calculation, replacing the existing methodology within Trading Risk systems.
- Bailrigg coordinated the implementation of an initial solution in order to meet initial compliance by Jan ‘22. This included assessing RWA impact and resolving issues with internal functions, tracking and resolving Data Quality issues and working with key internal stakeholders in order to confirm business sign-off.
Fixed Income ETF Trading
- Top Tier Trading Institution.
- The client wanted to trade ETFs from the Fixed Income business alongside the underlying bond product and they required Risk aggregation, STP booking model and ability to manage price differentials between ETF and underlying instruments.
- Bailrigg led the business analysis across the project, ensuring existing risk systems and trading processes were enhanced to incorporate the equity product.
Front Office Tech – Regulatory Book of Work
- Tier 1 Investment Bank.
- Regulatory changes create an ever-growing amount of development work for front office trading applications. This long list of requirements can often be difficult to manage and execute against when there are additional pressures from the business for more advanced functionality, coupled with reductions in budget.
- Bailrigg has worked closely with the client for a number of years to help them appropriately manage this area of their business. Establishing essential project management controls, along with key stakeholder engagement, to ensure that regulatory requirements continue to be met, whilst supporting the business in their growth objectives.