Delta Lloyd Bank Strengthens Financial Risk Management with Wolters Kluwer Financial Services’ ALM and Liquidity Risk Solutions

Brussels - 12 September 2012

Dutch-Belgian Bank Selects Wolters Kluwer Financial Services to Bolster Risk Management Strategy

Wolters Kluwer Financial Services announced today that Delta Lloyd Bank is expanding the use of its offerings, having selected its ALM and Liquidity Risk Management solutions for the bank’s Belgian and Dutch divisions.

Delta Lloyd Bank chose Wolters Kluwer Financial Services for its efficient and integrated ALM and liquidity risk management analysis, which has helped the bank centralize both ALM and liquidity for its Belgian and Dutch operations in one risk portfolio. This integrated solution can be run separately in both Belgium and the Netherlands, providing the flexibility to create the necessary country reports and analyses, or even extend to Basel III reports. The main driver was to enable an effective way of managing treasury and financial risk management while allowing for regulatory differences between the two countries.

“Delta Lloyd Bank considers solid risk management a critical success factor, and so it is imperative that the systems in this area are flexible, stable and efficient,” said Rogier de Barbanson, Head of Division Risk Management at Delta Lloyd Bank. “We selected Wolters Kluwer Financial Services’ solutions because we recognized that they will help us to establish more precise ALM and liquidity management processes and thus help us to further sharpen our risk management strategy overall.”

“In order to respond to the ever increasing amount of prudential regulation that is being enforced around the world, effective ALM and liquidity management is rapidly moving up financial institutions’ key priority list,” said Kris Van Bavel, vice president - EMEA, Wolters Kluwer Financial Services. “The wide range of functionality within our integrated solutions will demonstrate significant benefits to Delta Lloyd Bank’s business and we look forward to continuing our excellent working relationship with them.”

Delta Lloyd Bank has utilized Wolters Kluwer Financial Services’ offerings in other areas of its business since 1995; including its regulatory reporting solution to help comply with requirements outlined by the National Bank of Belgium.

The Wolters Kluwer Financial Services risk and profitability management solution covers a broad scope and depth of financial analysis helping to ensure consistency of results and reduction in the costs of analysis, which includes:

  • Easy-to-use and highly flexible modular software platform to help satisfy the internal and external calculation and reporting requirements in financial risk analysis for small to large organizations;
  • Extensive financial product coverage - from saving accounts, complex loans and insurance instruments to exotic options and structured products;
  • Experienced and talented implementation and support resources, providing quality services and knowledge-transfer to help ensure effective solution implementation, use and support; and
  • Worldwide accessibility and global delivery capability through local presence and international teams.

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