NEW YORK - With the stronger focus on risk management, the underlying management of data needed to accurately assemble risk views is starting to transform, say data management systems providers and financial industry observers. The following synopsis includes a quote from a GoldenSource spokesperson, Gert Raeves.

The challenge of managing risk in derivatives requires the capability to drill down into these products, according to Gert Raeves, Senior Vice President, Strategic Business Development, at GoldenSource Corporation.

"It's not just about managing a static product lifecycle, but a lot of the counterparty risk associated with being in that contract lifecycle," he says. "They need to drill down to the counterparty view and also to a position management view. Because there are such long, open cycles in position management, there are obvious mark-to-market and portfolio valuation requirements down the line. That can only be done by linking product definitions and counterparty risk categories with the updated transaction and position data."