Core Viewpoint - Bloomberg's Multi-Asset Risk System (MARS) has expanded its regulatory compliance capabilities to help clients meet global derivatives risk regulatory requirements, particularly in light of SEC Rule 18f-4 implemented in 2022 [1][2]. Summary by Sections Regulatory Compliance - SEC Rule 18f-4 requires funds to establish a derivatives risk management plan with strict leverage risk limits and a defined Value at Risk (VaR) calculation method [1]. - MARS has been supporting SEC Rule 18f-4 since its introduction in 2021 and has expanded to include support for similar regulations such as AIFMD, UCITS, and OSC's NI 81-102 [1]. Risk Management Features - MARS allows clients to calculate VaR through relative and absolute VaR testing, helping assess leverage risk [2]. - The system includes a ready-to-use VaR model backtesting feature that can be configured for different time frames [2]. - MARS provides a comprehensive market risk workflow that identifies market variables affecting the valuation of financial instruments [2]. Stress Testing Capabilities - The solution supports various types of stress testing, including historical stress tests, asset class-level stress tests, self-designed stress tests, and correlation-based predictive stress tests [2]. - The combination of VaR testing and stress testing under SEC Rule 18f-4 provides fund managers with a complete derivatives risk management framework [2]. Client Testimonials - WisdomTree's product development and ESG head, Ben Wallach, emphasized the preparedness of the company due to the adoption of MARS in 2022, highlighting its comprehensive risk management tools [3]. - Dharrini Bala Gadiyaram, Global Head of Risk Products at Bloomberg, stated the commitment to continuously optimize solutions to adapt to the evolving regulatory environment [3]. Access and Integration - MARS offers risk analysis capabilities for both cash products and derivative securities, accessible via Bloomberg Terminal or API [3].

Core Viewpoint - Bloomberg's MARS solution has been adopted by Tianxing Bank to enhance its interest rate risk management and regulatory compliance in response to evolving regulatory requirements in Hong Kong [1][2]. Group 1: Tianxing Bank - Tianxing Bank is a digital bank in Hong Kong, primarily owned by Xiaomi Group and Futu Group, focusing on inclusive finance and making banking services more accessible [3]. - The bank has been a licensed bank under the Hong Kong Monetary Authority since May 9, 2019 [3]. Group 2: Bloomberg MARS Solution - Bloomberg MARS provides a transparent modeling approach and automated data aggregation, improving financial and asset-liability management workflows while reducing human error risks [2]. - The solution supports comprehensive risk management and asset-liability management frameworks, especially in light of increased regulatory scrutiny on interest rate risk [2]. - MARS is recognized in the industry, having won multiple awards, including Best Sell-Side Front Office Platform at the WatersTechnology 2024 Sell-Side Technology Awards [4].