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Liquidation Risk Consortium
contact us... (t) +44 333 577 0016
> Download the FCA's
'Dear CEO' Letter
> List the Founding Members of Clover Mitigation Consortium
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FCA 'Dear CEO', Asset Management and Endemic
Cloud Vendor Liquidation Risk
Behind Every Cloud, the driving force behind the Clover Engine always advises clients to conduct strenuous Due Diligence on Cloud vendor financials. Regular revisitation during the contract term is a critical Operational Risk mitigation activity. Endemic outsourcing risk concerns raised by the FCA in December 2012 through the 'Dear CEO' letter apply equally to IT outsourcing, and especially as Asset Management adoption of...
Private Cloud accelerates. The Deployment of multiple Asset Manager's IT systems on a single Cloud Vendor's platform implies a shared dependence on the financial viability of the Cloud Service Provider. Dominance by one vendor inevitably results in endemic market risk.
The Clover Mitigation Consortium
Regular Due Diligence on financials will not guarantee client protection from vendor collapse (aka the '2E2 Syndrome'). So Behind Every Cloud has convened and chairs an independent working group for Asset...
Management focussed members of the Clover ALIGN vendor community. Cloud Liquidation Of Vendor - Endemic Risk Mitigation Consortium (Clover Mitigation Consortium) has the stated goal of developing and coordinating the implementation of practical technical, contractual and commercial, underwriting and interworking standards based solutions to provide viable protection against this risk to clients in the Asset Management sector.
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