“Large sophisticated regional banks that have run XVA desk for a number of years must continually adapt their technology as the domain is evolving fast,” says Jie Wang, head of XVA and counterparty risk client services, Murex Asia-Pacific. Murex addresses the challenges with MX.3 for XVA Management, a comprehensive XVA solution that supports XVA pricing, as well as XVA desk management, accounting adjustments, cost allocation and capital charge reporting. Banks in the region are at a wide range of stages in their adoption of XVA and a technology solution must handle not only the detailed technicalities of the calculations, but also the data management and processes that feed them. In today’s trading environment, ensuring sustainable profitability and compliance with rapidly evolving regulations requires the calculation of multiple value adjustments ( XVA) to pricing to reflect cost drivers such as credit, capital, funding and collateral.ĭoing so is complex and demands not only sophisticated analytics, but also integrated functionality and high performance computation.
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