Reuters Launches Kondor Global Risk to Manage Credit Exposure and Basel II Compliance

Strategic Insights -

Reuters has announced the launch of Kondor Global Risk, a sophisticated tool for managing credit exposures and limits, with additional functionality for Basel II compliance. This new module is part of the Reuters suite of Kondor trade and risk management solutions, which are already used by 14,000 users across 60 countries.

Key Takeaways:

  • Kondor Global Risk is an enterprise-wide credit risk and limit control application that consolidates information across all subsidiaries and distributes risk figures in real-time onto every desk.
  • The new module has two key areas of functionality: a complete firm-wide limit management framework and a Basel II regulatory capital module.
  • The limit management framework covers trading and banking book instruments, leveraging workflow capabilities for excess management and double validation of static data.
  • The Basel II module enables customers to calculate risk parameters and capital requirements against the three proposed methodologies.
  • Kondor Global Risk includes a risk engine for Monte-Carlo simulation-based Potential Futures Exposures for better credit exposure analysis.
  • The application can complete a full PFE analysis for an average bank in less than 5 minutes, thanks to Grid technology.
  • Reuters is collaborating with IBM, Intel, and DataSynapse to enable Grid technology.
  • The Kondor suite is a highly sophisticated, modular solution designed to provide a best fit with business requirements.
  • More than 50% of the world's top 25 banks rely on Reuters Kondor trade and risk management solutions.

Statistics:

  • 14,000 users across 60 countries use the Reuters suite of Kondor trade and risk management solutions.
  • Over 50% of the world's top 25 banks rely on Reuters Kondor trade and risk management solutions.
  • Kondor Global Risk can complete a full PFE analysis for an average bank in less than 5 minutes.
  • Reuters Group revenues were GBP 2.9 billion in 2004.

Sources:

  • Reuters (www.reuters.com)
  • IBM (www.ibm.com)
  • Intel (www.intel.com)
  • DataSynapse (www.datasynapse.com)