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We’re hearing from many of our members that counterparty risk management is an increasing pain point for their organizations. In today’s uncertain financial environment, what was once a sound investment six months—or even a few days–ago now can present a significant risk.
Banks, insurers, and asset managers will require real-time counterparty risk data not only to protect their business but to meet new regulations including legal entity identifiers (LEI). Mandates around LEIs are coming out of the U.S. Treasury department’s Office of Financial Research and will require firms to assign a standard, universal identifier for counterparties throughout their organization. The need for LEIs will require organizations to change their information and data architectures as well as their existing risk management platforms.
For organizations with legacy systems, LEI compliance will be a significant challenge and it’s an issue that FSOkx is following closely. We’d like to get your input on the challenges you face in indentifying counterparty risk, what’s changed in how you approach risk, and what tools and technologies you find most promising. You can reach me at lvalentine@fsokx.com.
Don’t forget to register for the FSOkx 7th Annual Asset Management Industry Transformation & Outsourcing Strategies Forum to be held December 8 in New York. Our speaker line-up includes executives from Dreman Value, EFT Capital Markets, Bladex Asset Management, J.P. Morgan, Hartford Investment Management, and Artio Global Management.

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