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PROFILE enhances its presence in the field of Asset Liability Management & Liquidity Risk with more implementations

Effectively responding to the market challenges, PROFILE and SUNGARD are organizing the first Liquidity Risk presentation in Greece with the honoured guest speaker Μr. Leonard Matz, specialist in the field of Asset Liability Management (ALM) & Liquidity Risk. Mr. Leonard Matz. Mr. Leonard Matz has a vast experience in the banking sector having spent 5 years as a bank examiner in the Central Bank of the USA and 15 year in various bank executive positions. He is a bank consultant and an author of specialised books on Liquidity Risk. His presentation took place on Thursday 5th February 2009, 14.00-18.30 at Grande Bretagne Hotel tilted «Best Practices in Liquidity Risk during the credit crisis.

During the presentation, bank executives attending had the opportunity to exchange ideas on the extent and measures of Liquidity Risk in the Greek marketplace. The objective was to inform on the Best practices available Internationally on the topic. PROFILE and SUNGARD had the honour to include as a keynote Speaker Mr. Christos Gortsos, General Secretary at the Association of Greek Banks.

Additionally, PROFILE via its partnership with SunGard is able to provide full coverage to the banking requirements on Asset Liability Management and Liquidity Risk. More particularly, SunGard applications are being implemented in Greek and International banks covering all aspects of ALM with modules on Static & Dynamic ALM, Funds Transfer Pricing, Hedge Effectiveness,in banks such as PROBANK, First Business Bank etc.

By using SunGard BancWare Focus ALM banks are able to manage reliably the whole of interest and currency risk on their balance sheet, liquidity risk, and have effective prospective & retrospective hedge effectiveness testing. They are able to improve their financial planning using particular scenario for financial data changes (interest currency, exchange rate), customers behaviour and adjustments of their strategy. The solution also offers profitability analysis from interest revenue down to customer level as well as full coverage of accounting entries by IAS 39 Hedge Accounting.

PROFILE markets and supports SunGard product range covering the areas of Banking, Enterprise Risk Management, Compliance και Capital Markets via the SunGard Ambit, Adaptiv, AvantGard etc with extreme specialization in Basel II (Capital Adequacy), Market Risk Management, Credit & Operation Risk, ALM, Liquidity Risk, profitability analysis, Treasury, Reconciliation etc.