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DESCRIPTION:Click for Latest Location Information: http://semtechbizuk2011.semanticweb.com/sessionPop.cfm?confid=63&proposalid=4276\nOne of the most significant problems facing the financial services industry today is counterparty risk and exposure. To illustrate: when the Madoff ponzi scheme became known, it took most large financial firms 3 to 4 weeks to determine what they had at risk, information that should be instantly available. It is impossible to manage risk of any kind if you don't know what that risk entails. Counterparty risk and exposure consists of three components:<ul>\n<li>Determination of Exposure: for most firms this entails accessing and aggregating data from multiple silos. The issue is further compounded by the addition of silos from subsidiaries and affiliates. A large financial services firm can be faced with the integration of data from over 50 sources.\n<li>Counterparty Identification: this requires the ability to link issues to issuers, issuers to their parent companies, and parent companies to their ultimate parent companies.\n<li>Monitoring of Risk: What is risk and how is it defined? The answer is it does not have a universal definition. Risk and its definition vary from investment manager to investment manager. The models and theories that drive the various investment strategies inherently contain risk interpretation as perceived by a specific manager, firm or model. An investment manager assesses risk at the time of the investment decision based on a wealth of information derived from many sources and generally consolidated in a Bloomberg or Thompson type of product. A given manager is generally managing only a handful of securities at any point in time. Counterparty risk requires the same wealth of information, not for a handful of positions but for millions of positions, not at a point in time, but rather over time. </li></ul>\nThis presentation will discuss each of these components, how they are currently handled, and how semantic technologies can solve the problem. Actual applications already developed will be presented for the problem as a whole and for individual components or sub-components that prove particularly problematic.
DTSTART:20110926T161000
SUMMARY:Legal Entity Risk and Exposure
DTEND:20110926T165959
LOCATION: See Description
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