With Ambit ALM, YBS intends to drive efficiencies in its mortgage management process as well as in pricing for new and existing clients. Ambit ALM will help to create a risk measurement and pricing system that is consistent with market-based pricing mechanisms. Ambit ALM will also help YBS model customer behavior, business strategy, interest rate scenarios and a wide range of other economic variables quickly, easily and accurately. Accurate and detailed data and analysis will help managers to better understand the impact of market changes on the balance sheet, and therefore make more informed business decisions for the new consolidated firm.
Mark Smith, head of asset liability management at YBS, said, âClear understanding and effective management of interest rate risk requires accurate and detailed data and analysis. We have been using SunGardâs Ambit Asset Liability Management solution since 2000 and were eager to deploy the solution across our recently acquired firm, CBS. This will help to measure and manage interest rate risk at the group level and provide the necessary inputs for new business decision making.â
Andreas Hug, managing director of SunGardâs Ambit Risk & Performance Management, commented, âThe sub-prime crisis and global credit crunch are forcing firms to increase their emphasis on strategic risk management. Firms like Yorkshire Building Society can rely on SunGardâs Ambit Asset Liability Management solution to help measure and manage risk, forecast balance sheet performance, meet regulatory requirements and make critical business decisions.â