![]() Six SunGard clients, including a large hedge fund and a handful of asset managers, have been using the outsourced service for at least part of their risk management and reporting requirements since it was available on pre-release early this year. Wormald points out that APT Enterprise is not a compliance system, but says it can provide automated reporting for AIFMD as well as for the market, credit and liquidity risk aspects of regulations such a Dodd-Frank, Form PF and Solvency II. When developing APT Enterprise, SunGard turned to clients to understand the pain points of compliance with regulations including risk reporting requirements. It also provides simplified workflows and allows a chief risk officer to see an enterprise-wide view of risk on one screen.” Wormald says: “APT Enterprise allows the monitoring of liquidity risk to become more integrated with market risk and be visualised via a front-office dashboard, helping investment firms make better informed investment decisions. ![]() We have moved with the times to offer a hosted, integrated view of risk that is based on a well-established methodology.”ĪPT Enterprise will not replace SunGard’s APT Pro desktop risk management solution or the deployed version of the APT engine, and is instead designed to work in an increasingly integrated environment that avoids the dangers of siloed risk, reduces the operational risk of sending and receiving data, and improves efficiency through the use of flexible dashboards and automated risk reports. He explains: “Firms are starting to develop a true culture of risk, but they are challenged by lack of coherence in modelling and by disparate risk platforms. Laurence Wormald, head of buy-side research at SunGard, describes APT Enterprise as a multi-tenanted private cloud solution that is based on a unified risk database, which SunGard updates on a daily basis, and allows every business to have a secure and private view of its own data. The aim is to provide a single view of market and liquidity risk, improve workflows for market data management and support regulatory compliance. The so-called APT Enterprise platform embeds the risk engine and market data in a single, accessible data repository and offers users an interactive dashboard and browser-based delivery.ĪPT Enterprise was developed by SunGard in partnership with a large asset manager, which is already using the service, and covers multiple asset classes including liquid and illiquid assets, unlisted funds and most derivative products. SunGard has introduced a hosted risk management service based on the APT risk engine that has been deployed by many of its institutional buy-side clients. ![]()
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