After the installation of a first ALM solution by the Bank in 2002, the Bank decided to run an in-depth study on its further needs including Basel II and IFRS requirements. For cost and transparency reasons all financial analysis had to be integrated.
The Study Team, led by Ms Katrien Haegeman, decided in Fall 2004 in favour of riskproâ¢ based on the following arguments: "riskproâ¢ has a solid contract data model; the parameterization -especially for Basel II and IFRS- is extremely flexible; the cost of ownership is very competitive and the IRIS implementation support offering is highly qualified and can be tailored to the specific needs of the bank".
The implementation is in progress; the major work load being executed by the bankâs IT and risk management staff.
Kris Luyten, Senior Consultant at IRIS AG, commented: "Bank J. van Breda & CÂ° is our second riskproâ¢ customer in Belgium. Together with the bankâs team we shall support the deployment of riskproâ¢ to provide yet another functional example of the IRIS value proposition: better analysis at lower cost".