Risk Management in China: Trends and Challenges for Banks, Asset Managers, and Securities Firms

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30 November 2012
Hua Zhang

Abstract

According to a recent Celent survey, institutions recognize the need to enhance their risk management capability. 100% of firms surveyed recognize the need to improve the functionality of their existing risk management IT systems, 43% (especially banks) believe they must improve their business processes, and 29% recognize that their risk management capability can be significantly enhanced by adopting new risk management frameworks such as Basel III and Solvency II.

Banks are well capitalized, but deregulation and increased exposure to global market forces will drive risk management upgrades, such as CVA. Asset management companies require integrated, multiasset portfolio and risk management technologies in response to greater investor sophistication and a broad range of financial products. Securities firms face challenges of managing more complex, interconnected risks. In the report, Risk Management in China: Trends and Challenges for Banks, Asset Managers, and Securities Firms, Celent examines the risk management challenges, trends, and methods in China.

“In order to compete effectively on the global stage—and against both foreign and domestic competitors at home—financial institutions will need to develop world-class risk management capabilities,” says Hua Zhang, analyst with Celent’s Asian Financial Services Group and author of the report. “Firm-wide customer and counterparty views across investments and financial management and risk data repositories are critical for financial institutions.”

This report describes the risk management within China’s banking industry, asset management industry and securities industry, including needs, current market status, methods, and trends.

This 34-page report contains 11 figures and 7 tables. A Chinese version is also available.

Insight details

Content Type
Reports, Webinars
Focus
Industry Trends, Risk Management & Compliance
Location
Asia-Pacific