SunGard Named 'Best Counterparty Risk Solution Provider' in Waters Rankings 2010
SunGard been recognized as "Best Counterparty Risk Solution Provider" for the second successive year in the eighth annual Waters Rankings for excellence in financial IT solutions and services. Over 1,200 survey respondents were represented in this year's awards, including industry participants and readers of the publication.
The award for "Best Counterparty Risk Solution Provider" was won by SunGard's Adaptiv solution suite, which provides enterprise-wide credit and market risk management and operations solutions for financial institutions. Adaptiv's integration of credit and counterparty data into a single repository helps give customers reliable, real-time limit checks as well as post-trade analysis.
Mat Newman, vice president of product management for SunGard's Adaptiv business unit, said, "Unsettled markets and new regulatory demands have turned the spotlight firmly on counterparty credit risk in general, and credit valuation adjustment in particular. SunGard continues to invest in this key area to help our customers move risk management from a control function to a business strategy. This award is further testament to SunGard's ability to provide innovative solutions that help our customers remain at the forefront of risk management."