London, 02 February 2005 - Misys Risk Management Systems today announced that Bayerische Landesbank (BayernLB), one of the biggest Landesbanks in Germany, has selected Risk Vision, Misys’ advanced solution for Enterprise-Wide Risk Management, for its bank-wide consolidation of limit and exposure data management. The solution will allow BayernLB and its stakeholders to benefit from sophisticated risk evaluation tools and techniques, using Misys’ Risk Vision Data, a comprehensive risk data warehouse, and Risk Vision Exposure, its leading exposure and limit management engine.
Misys Risk Management Systems’ Risk Vision was chosen following a competitive tender with all known risk vendors. The new system, to be implemented with immediate effect, will integrate with the Risk Vision Global Markets solution and various legacy systems to deliver consolidated limit and exposure management for the retail and wholesale portfolios, as well as standardised limit maintenance. The system will give over 1000 users worldwide, direct on-line access to the global limits and exposures of any and all of BayernLB clients for both the trading and banking book. This usage improves the banks compliance with regulatory rules for limit and exposure monitoring and, more specifically, fulfills the requirements of phase two of the German MAK guidelines.
“The regulatory directive of Basel II prompted us to review our limits and exposures management. Risk Vision is a highly flexible solution, which will provide superior exposure management for the whole of Bayerische Landesbank” comments Ullrich Ströhlein, Head of Risk Controlling and Procedures Division, BayernLB. “This investment will improve our exposure management capabilities and strengthen the trust clients and other stakeholders have in us.”
Michel van Leeuwen, CEO, Misys Risk Management Systems explains, “We’re thrilled with the implementation of our high performance Risk Vision platform at Bayerische Landesbank. This partnership reiterates Misys Risk Management Systems’ status as a leading supplier of Enterprise Risk Management solutions.”
For further information, please contact:
Misys Risk Management Systems
+44 (0) 20 8879 1188
risk.marketing@misys.com
About Misys Risk Management Systems
Misys Risk Management Systems, part of the Banking and Securities Division of Misys plc, is focused exclusively on the provision of enterprise wide risk management solutions. Its portfolio of functionally rich and highly flexible solutions supports real time global limits and exposure management, Basel II, ALM, operational risk and economic capital.
Misys plc, the global software products and solutions company, serves customers in the international banking and securities, international healthcare, and UK general insurance industries. Through a wholly owned subsidiary, Sesame, it also provides business process outsourcing services to independent financial advisors (IFAs) in the UK. Misys partners with its customers to deliver outstanding IT solutions to essential industries, and employs over 6,000 people internationally
