MORS delivers compliant Russian Accounting Standard currency position report
Growing demand for real-time treasury and risk solution with banks across Europe
OAO Swedbank Russia, a fully owned subsidiary of the Swedish full-service bank Swedbank, has implemented MORS Treasury Front & Middle solution to achieve an integrated treasury and risk management platform. The solution enables the bank to integrate the treasuryâs position keeping, risk measurement and analysis into one single system. Using the flexible reporting capabilities of MORS, the bank is now able to monitor their positions and risks in real-time, thus enabling optimised decision-making in all market conditions.
MORS Software also tailored a specific reporting feature enabling OAO Swedbank Russia to automatically produce the Russian Accounting Standard (RAS) currency position report, as part of the required regulatory reporting for the Russian banking authorities.
Aleksey Kireev, Head of Treasury, OAO Swedbank Russia observes: âThe reason we selected MORS is that it delivers flexible and dynamic drill-downs together with real-time analytics for both treasury and risk monitoring purposes.â
Mika Mustakallio, CEO, MORS Software comments: âWe are delighted to have delivered Swedbank Russia an integrated treasury and risk monitoring system that will bring business benefits for the bank. This implementation will provide Swedbank Russia with a comprehensive system integrating position keeping, analytics and risk management in one single solution. We look forward to continuing to grow our presence in Russia, as a result of the growing demand for MORS integrated treasury and risk management solutions.â