SunGardâs Ambit Risk Management solution will help Bank BPH to maintain an advanced liquidity risk management process, and will also allow Bank BPH to calculate cross-asset value at risk (VaR) for both banking and trading book positions.
Krzysztof Soltysik, head of the market risk department at Bank BPH, commented: âBank BPH sought a solution that would provide us with the ability to calculate our VaR for broad instrument coverage including derivatives, fixed rate, exchange rate and other mark-to-market valued positions all together. Additionally, we wanted a solution that had an advanced asset liability management module, with the capability of calculating earnings at risk (EaR) and simulating other future risk measures on the basis of assumptions and decisions taken in the Bank. This would help us to define the direction in which particular businesses should be developed.â
Andreas Hug, group vice president, risk and performance for SunGardâs banking business, said, "We are pleased to be in a position to assist Bank BPH with their risk management needs. As Bank BPH anticipates significant growth in the coming years, they can rely on SunGardâs Ambit to help them manage the return versus risk of that growth.â