Aleri and JWG-IT Examine What it Takes to do Liquidity Risk Management Right

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Wed May 27, 2009 10:21am EDT

Enterprise-wide risk intelligence topping banks` new regulatory shopping list
CHICAGO--(Business Wire)--
Aleri Inc., a leading provider of enterprise-class complex event processing
(CEP) technology and CEP-based solutions, today announced the publication of an
analysis report entitled "What If You Could Have Heard the Bubble Bursting,"
authored by the neutral think-tank JWG-IT Group. 

The report identifies the essential tools banks must acquire in order to comply
with new liquidity risk regulations. The paper also explains the business
benefits of implementing enterprise-wide risk intelligence tools. Aleri is a
member of JWG-IT`s Liquidity Risk Action Network (LiRAN) and is also
participating in:

* The ongoing development of a neutral liquidity risk reference architecture
which overcomes the issues banks face in meeting new regulatory demands
* A webinar
{http://www.aleri.com/news/upcoming-events/what-if-you-could-spot-next-lehman-brothers-falling}
on 4 June and a companion video
{http://www.aleri.com/resource-library/videos/what-if-you-could-spot-next-lehman-brothers-falling}
entitled "What if ... you could have seen Lehman falling?" which describe the
business benefits of managing liquidity risk 
* On 9 June, a Capital Markets Chamber debate entitled `This house believes new
liquid architectures will dominate strategic plans for 2010`.

PJ Di Giammarino, CEO of JWG-IT, comments: "Even at this early stage of the new
regime, it is clear that one of the bank`s key success factors will be the
exposure of its underlying information to senior management in a real-time and
unobtrusive manner. Event-driven architectures that transform information from
their core processing systems and enrich, bucket, store, and retrieve it
efficiently are well suited to the task." 

"New regulations have forced banks past a tipping point for their infrastructure
and they will need to implement new approaches to liquidity risk management.
While it is possible to remain on legacy platforms, it will become increasingly
impractical to glue information together in spreadsheets and static
accounting-focused databases." 

Anticipating the need for better ways of managing liquidity risk, which markets
and regulators are now calling for, Aleri developed and launched the Aleri
Liquidity Risk Manager (LRM), designed to offer banks an enterprise-wide tool
for measuring liquidity exposure and liquidity ratio. LRM provides insight into
the effects of stress events on enterprise liquidity, enabling more effective
contingent liquidity risk management practices and allowing key personnel to
calculate liquidity gap positions, identify periods at risk, define and store
liquidity scenarios, run stress scenarios against gap positions, intelligently
apply and recommend use of counterbalancing capabilities to gap positions, and
improve liquidity gap and ratio reporting to regulators. 

Don DeLoach, CEO Aleri, comments: "The information required to manage liquidity
risk profitably is in the banks` systems. The challenge is to find it in a way
to tap the source systems in a clean, maintainable and efficient manner. Not
only will this keep the CFO happy by reducing costs, it will get the business
much closer to the holy grail of enterprise-wide risk intelligence." 

About Aleri

Aleri, a leading provider of enterprise-class complex event processing (CEP)
technology and CEP-based solutions, provides a high performance platform to
quickly build and deploy real-time applications that can analyze and respond
instantly to high-volume, high-speed data to minimize risk and increase
competitive advantage. In March of 2009 Aleri merged with Coral8, combining two
leading providers of CEP technology to expand market reach and increase the
speed of innovation for next-generation, real-time event processing technology
and solutions. The combined product family offers a comprehensive software suite
for developing, implementing and delivering real-time analytics and Continuous
Intelligence for time-critical business decisions. 

Driven by market demand, Aleri also provides CEP-powered solutions that address
specific challenges and enables the financial industry to respond faster to
changing conditions and make better decisions through more timely information.
Aleri`s CEP powered solutions include:

* Aleri Liquidity Management System (LMS) - provides end-to-end real-time
management of cash and liquid assets to reduce short term liquidity risk and
ensure optimal funding 
* Aleri Market Liquidity Analysis engine (MLA) - consolidates and analyzes
multiple order book feeds from individual exchanges to provide a powerful tool
for trading in fragmented markets. 
* Aleri Real-Time Risk Monitor framework - provides a template for rapid
implementation of a customized, comprehensive solution for consolidating
positions, limits and exposures across asset classes in real-time to manage both
credit and market risk 
* Liquidity Risk Manager (LRM) - provides a flexible liquidity stress testing
environment that enables banks to model stress events and gain insight into how
different scenarios would impact the bank`s liquidity exposure.

Aleri is a global company headquartered in Chicago with offices in Mountain
View, New York, New Jersey, London, and Paris. For more information, visit
www.aleri.com. 

About JWG-IT Group Limited

JWG-IT is the only financial services industry think-tank to facilitate
collaborative work to resolve industry issues created by regulatory change.
Based on a working model started in 2005, JWG-IT has established strong
relationships with EU administrators, leading firms and companies. It is neither
lobbyist nor consultancy and revenues are restricted to membership and event
fees and content sales. The JWG-IT Think-Tank is designed to help members and
participants manage regulatory-driven change better, quicker, cheaper and with
less risk. JWG-IT launched the customer data management group and the liquidity
risk action network in 2008. For more information, see www.jwg-it.eu. 



Aleri
Kelly Shumaker, +1-312-540-7347
kelly.shumaker@aleri.com
or
Cognito
Ishviene Arora, +1-646-395-6300
Ishviene.arora@cognitomedia.com
or
JWG-IT
Louisa Excell, +44 20 7608 2500
louisa.excell@hotwirepr.com

Copyright Business Wire 2009

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