Misys Risk Management Systems' Risk Vision was chosen following a competitive tender with all known risk vendors. The new system, to be implemented with immediate effect, will integrate with the Risk Vision Global Markets solution and various legacy systems to deliver consolidated limit and exposure management for the retail and wholesale portfolios, as well as standardised limit maintenance. The system will give over 1000 users worldwide, direct on-line access to the global limits and exposures of any and all of BayernLB clients for both the trading and banking book. This usage improves the banks compliance with regulatory rules for limit and exposure monitoring and, more specifically, fulfills the requirements of phase two of the German MAK guidelines.
"The regulatory directive of Basel II prompted us to review our limits and exposures management. Risk Vision is a highly flexible solution, which will provide superior exposure management for the whole of Bayerische Landesbank" comments Ullrich StrÃ¶hlein, Head of Risk Controlling and Procedures Division, BayernLB. "This investment will improve our exposure management capabilities and strengthen the trust clients and other stakeholders have in us."
Michel van Leeuwen, CEO, Misys Risk Management Systems explains, "We're thrilled with the implementation of our high performance Risk Vision platform at Bayerische Landesbank. This partnership reiterates Misys Risk Management Systems' status as a leading supplier of Enterprise Risk Management solutions."