As a result of business expansion, RZB is establishing a new market risk infrastructure which will provide the bank with the ability to hedge its portfolios more effectively, enabling substantial savings in hedging costs.
RZBâs enhanced market risk management system will be supported by the complete Thomson Reuters Enterprise Platform including: Reuters Reference Data System (RRDS) which will acquire, cleanse and store market data, along with derived market data and risk factors; Reuters Enterprise Integration Engine (REIE) which will provide data orchestration between the Thomson Reuters components and RZB developed components and third party systems, and will also integrate real-time data seamlessly from the Reuters Market Data System (RMDS). The system enables the holistic management of both real-time and non-real-time market data in a common data model, along with powerful data management capabilities.
Alexander Tsorlinis, Head of Market Risk Management RZB, said: âWe chose Thomson Reuters Enterprise Platform because it fits in with our component based approach to build up a highly flexible market risk management system.â
Jon Robson, President of Enterprise, Thomson Reuters, said: "We are delighted that RZB has chosen the Thomson Reuters Enterprise Platform as its data management solution. Recent market events have placed enterprise risk at the top of the business agenda for the industry, and data management is a key component in solving these needs. Forward looking firms recognize the requirement to find smart ways to ensure that clean and consistent views of data are applied across all risk systems. This agreement provides RZB with a flexible, enterprise-class data management and orchestration solution that will significantly reduce the risk and cost of integrating data into their important new market risk infrastructure."