Definition: Open Protocol Enabling Risk Aggregation (OPERA) is a comprehensive exposure report for various asset classes across industries, regions, currencies, as well as stress and VAR. Because OPERA is an open protocol, it standardizes reporting procedures for collection, collation, and conveying risk and exposure information, providing greater overall transparency to investors.
Example: A hedge fund manager provides monthly OPERA reporting, including a high-level overview of the fund’s 30% exposure to US equities, 10% cash holding, and a 10-day 99% VAR.
Explore IVP Regulatory Reporting Solution
The OPERA module of the IVP Regulatory Reporting Solution automates these reports. The solution is designed to help buy-side firms manage a complex slate of filings, disclosures, and trade reports in an increasingly strict regulatory environment. It meets this challenge by eliminating fragmented processes, enhancing accuracy, and reducing operating costs through end-to-end automation across global regulatory filings.
