Summary

In today's business landscape, the escalating threat of cyberattacks and their catastrophic impact on business continuity has made it imperative for organisations to rethink their technology strategies. Relying solely on a single technology provider for critical outsourced systems is no longer a viable option.

Concentration

The derivatives clearing industry, which operates on a global scale, has traditionally been dominated by a select few technology providers. Clearing firms worldwide have often chosen to place their trust in a single service provider. However, recent events have exposed the inherent risks and vulnerabilities associated with this approach, leading to growing concerns among clearing firms and global regulatory authorities.
This oligopoly of technology providers has left clearing firms and their clients exposed to asymmetric and critical business continuity risks. Regulators have taken note of these vulnerabilities, prompting increased scrutiny and regulatory oversight. The repercussions of this scrutiny are twofold: direct and indirect costs are on the rise.

The situation has created a paradoxical dilemma. On one hand, firms relying solely on a single third-party technology platform face intensified regulatory scrutiny and potential challenges. On the other hand, the notion of implementing an alternative backup technology solution may appear financially unviable due to the duplication of costs and operational support requirements.

Clearisk

This is where Clearisk steps in as a game-changer in the derivatives clearing industry. We are committed to providing a sophisticated, cost-effective alternative to the current oligopoly of platform providers. By running Clearisk in parallel with your primary platform, in the event of a denial of service you will be able to seamlessly switch processing to Clearisk and ensure uninterrupted business continuity.

Our comprehensive BCP solutions ensure that your business continuity remains robust, even in the face of unforeseen disruptions. Clearisk empowers you with the flexibility and security you need to safeguard your operations. By choosing Clearisk, you can mitigate the risks associated with a single technology provider, potentially reduce regulatory capital costs, and position your organisation for a more resilient and sustainable future.

Don't let the status quo limit your options. Embrace the future of derivatives clearing with Clearisk – your reliable partner for business continuity in an ever-changing world.

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