Gorrod examines the many challenges for the next generation risk
management system. Dramatic changes in market conditions, budgetary
constraints, the evolving nature of risk within the financial
organization, as well as the requirements of increasing regulation in
the global market place have resulted in a totally different environment
for risk systems. These applications must be functionally richer, have
greater performance, provide seamless and improved integration, as well
as being quick to deploy and cheaper to deliver and support. Recent
advances in technology have provided a number of tools to help the risk
technologist. This book summarizes these new trends and also arms the
reader with the knowledge, tools and approaches required to survive in
this new environment. Covering the requirements of the trader and risk
manager, to how to decide whether and how to out-source or develop
in-house, this book acts as the handbook for risk technologists to
survive these challenges.