Following its strategy to continuously enhance its product suite in line with industry
advancements, StatPro, a leading provider of analytics and data for the asset
management industry, is pleased to announce the launch of the new version of the
StatPro Risk Management system (SRM v 5.0). SRM v 5.0 allows users to produce a richer analysis of market and credit risk at all levels in the asset management firm. A brand new user interface gives more flexibility, whilst the introduction of charts allows users to better visualize their risk. Approximately 1000 âstress testsâ and sensitivity scenarios have been generated in order to analyse risk under a large variety of potentially extreme market conditions.
SRM v 5.0 builds upon the new credit model, incorporating credit event risk inside the StatPro Simulation Model. By reading current implicit default probabilities and recovery rates from CDS curves, the StatPro Simulation Model regenerates the expected distributions of return on a daily basis, incorporating the most recent market information from the credit market. The model will soon be extended to ABS and CMBS to dynamically reflect the market conditions of these issues.
Dario Cintioli, Global Head of Risk, StatPro Group plc, notes, âThe market turmoil
reinforces the need for strong risk management tools built upon Value at Risk and
portfolio sensitivity analysis. The quality of our integrated market and credit risk model, even in volatile markets, is the main value of SRM v 5.0.â
FrÃ©dÃ©ric Bardoux, Product Strategy Director, StatPro Group plc, comments, âWe
anticipate strong interest from Risk Managers for this new product version. Our clients have been demanding better solutions for their risk management needs for some time and the launch of StatPro Risk Management v 5.0 demonstrates how we can harness our expertise for the benefit of our clients.â
StatPro Risk Management v 5.0 is fully compatible with all performance and reporting modules within the StatPro suite. and the launch of StatPro Risk Management v 5.0 demonstrates how we can harness our expertise for the benefit of our clients.â
StatPro Risk Management v 5.0 is fully compatible with all performance and reporting modules within the StatPro suite.