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Treasury & Capital Markets
How companies apply more robust risk management systems
SIBOS 2014, Boston -- Most companies today, especially the larger institutions, have put together robust risk management systems and have moved to centralized models to implement their systems across all risks.
Chito Santiago 2 Oct 2014

SIBOS 2014, Boston -- Most companies today, especially the larger institutions, have put together robust risk management systems and have moved to centralized models to implement their systems across all risks.

 

Rohit Sawheny, the recently-appointed head of global transaction services for Asia-Pacific at the Royal Bank of Scotland (RBS), says companies are beginning to recognize and document far more operational risks than before.

 

"Companies are now more aware in terms of aggregating and managing their risks," he adds. "A lot of them have moved from the decentralized model to more centralized risk management tools. We are now seeing a centralization of liquidity risk, foreign exchange exposure and the management of country risk exposure."

 

Sawhney notes the companies are likewise looking for more transparency, and reconciliation and connectivity with their banks, seeking to have more access to real time information. "The more sophisticated corporates are looking at the banks' interface delivery, upload into their ERP (enterprise resource planning) system in order to have full visibility. Previously, it was just once a day at the end of each day in terms of seeking real time information. Today, it is more frequent and virtually done on an hourly basis."

 

He reveals that RBS will continue to invest in technology as they continually upgrade their internal banking platforms to meet their client's requirements. This is especially paramount in Asia, where the banks are dealing with different regulators and where payments and settlement systems are undergoing significant changes.

 

Sawhney points out RBS' investment in China to enhance their capability on the local clearing and consolidation in the country. "China is a key market for us and we've been upgrading our skill set in this market," he says. "The state-owned enterprises have significant scale and size, and a lot of them are now internationally mobile."

 

 

 

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