Chang Hwa Commercial Bank and Misys Win Asian Banker’s Market Risk Technology Implementation of the Year Award 2015

18 May 2015

  • Implementation of Misys FusionRisk’s historical simulation VaR functionality
  • More user-friendly VaR report of the Risk Transparency Module (RTM)
  • Daily mark to market process can be completed within 20 minutes 

Chang Hwa Commercial Bank and its technology partner Misys have been named as winner for The Market Risk Technology Implementation of the Year Award 2015 during The Asian Banker Risk Management Awards Programme. The programme has been administered by The Asian Banker under its prestigious annual Business Achievement Awards programme.

The awards ceremony was held in conjunction with The Asian Banker Summit 2015, the foremost annual meeting for decision makers in the financial services industry in the Asia Pacific region, held at the Hong Kong Convention and Exhibition Centre, on 15 April 2015.

Implementation of Misys FusionRisk’s historical simulation VaR functionality

Chang Hwa Commercial Bank has implemented Misys FusionRisk’s historical simulation VaR functionality, along with back testing and financial stress functionalities for the products in its treasury department.

More user-friendly VaR report of the Risk Transparency Module (RTM)

The new output VaR report of the Risk Transparency Module (RTM) is more user-friendly, enabling users to analyse risk metrics quickly across a range of hierarchies. Maintaining historical rate time series data is now possible, while monitoring and evaluation results can be quickly generated.

Daily mark to market process can be completed within 20 minutes

Users from the front office, middle office and back office can now access the same pricing results with both the end-of-day mark to market process being completed within 20 minutes and the month end accounting process being completed within 1 hour. The awards programme, administered by The Asian Banker and judged by prominent global bankers, IT consultants and academics, is the most prestigious of its kind. A stringent three-month evaluation process determined the winners from across Asia Pacific, Middle East and Africa. The winners were honoured at a gala event that recognised their efforts in using the best technology to run their institutions and bring superior products and services to their customers.

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