London, 19 February 2004 - Misys Risk Management Systems today announced the Go Live of Risk Vision, the company's market leading risk management solution, at the Treasury Corporation of Victoria (TCV), Australia. The solution will allow TCV and its stakeholders to benefit from improved risk evaluation tools and techniques, through a number of Risk Vision components - Risk Vision Data, Risk Vision Carma and Risk Vision Exposure.
Risk Vision was chosen to provide a robust platform for risk management following a competitive bidding procedure against two major vendors. The new system provides a new VaR model and performance benchmarks and offers improvements in capital adequacy support, stress testing and automation of reporting. It uses Misys Meridian middleware to integrate with third party systems, helping TCV boost the accuracy and efficiency of its services to clients and reinforce the institution's standing within the Australian financial industry.
TCV is the central financing authority of the State of Victoria. It provides a full range of treasury products and financial services that enable State and Victorian public authorities to effectively manage their debt portfolios, cash management requirements and financial risk. With Risk Vision, TCV has an integrated, functionally advanced risk solution that can deliver measurement of all areas of market exposure and supports modern portfolio management practices, value management and regulatory compliance.
"We are continuously looking to improve the quality of our risk management and compliance framework at TCV to support our client and portfolio management activities. Risk Vision has significantly improved our risk management capabilities and this investment will help strengthen the trust clients and other stakeholders have in us," comments Fiona McNabb, General Manager, Risk Management & Performance, Treasury Corporation of Victoria.
Frank Weyns, Global Sales Director of Misys Risk Management Systems comments, "We're delighted with the success of the implementation of our high performance Risk Vision platform that provides Treasury Corporation of Victoria with an advanced enterprise wide risk management infrastructure. It will further enable TCV to make judicious financing decisions based on timely and accurate risk analyses."