Bank Systems & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

News

03:37 PM
Connect Directly
Google+
Twitter
RSS
E-Mail

Swedbank to Deploy Aleri Liquidity Risk Manager

Swedbank to deploy Aleri Liquidity Risk Manager; solution will help Swedbank Markets unit manage risk and meet FSA regulations.

Chicago-based Aleri's Liquidity Risk Manager (LRM) has been selected by Swedbank (Stockholm) as its liquidity risk management tool, which will be used by the bank's Group Risk, Compliance & Finance, and Treasury departments. By implementing LRM, the bank will have a single solution that will deliver an enterprise-wide view of its liquidity risk exposure, enhancing capabilities in managing and minimizing liquidity risk and meet regulatory demands, according to Aleri.

"Aleri LRM will provide us with a flexible management, reporting and a stress testing environment that will enable us to model stress events and gain insight into how different scenarios impact the bank's liquidity exposure and assets value," said Erik --hman, Head of Operations, Swedbank Markets, Swedbank, in a press release. "We feel LRM will provide us with the tools to successfully manage and limit our exposures to risk as we move forward beyond the crippling effects the global financial crisis has had on the industry."

Aleri LRM allows banks to analyze, global operational liquidity risk over a short- to medium-term time horizon at a high level of granularity, looking at projected liquidity by product, business line, location, and currency under different economic scenarios. According to the vendor, it provides insight into the effects of stress events on enterprise liquidity, enabling more effective contingent liquidity risk management practices and allowing banks to analyze and act on fast moving data by: calculating forward liquidity exposure (FLE) positions ; identifying periods at risk; defining and storing liquidity scenarios and parameters by end users themselves; running on-demand stress scenarios against FLE positions; intelligently applying and recommending use of counterbalancing capabilities to FLE positions; and improving liquidity mismatch reporting to regulators and bank's management.

Katherine Burger is Editorial Director of Bank Systems & Technology and Insurance & Technology, members of UBM TechWeb's InformationWeek Financial Services. She assumed leadership of Bank Systems & Technology in 2003 and of Insurance & Technology in 1991. In addition to ... View Full Bio

Register for Bank Systems & Technology Newsletters
Slideshows
Video
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.