Aleri, a provider of enterprise-class complex event processing (CEP) technology and CEP-based solutions, has announced that Swedbank has selected its Liquidity Risk Manager (LRM).
The tool 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, improving its capabilities in managing and minimizing liquidity risk and meet regulatory demands.
Aleri said that its 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.
Erik Ohman, head of operations of Swedbank markets at Swedbank, said: “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. 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.”
Don DeLoach, president and CEO of Aleri, said: “Because of the economic crisis and emerging regulatory compliance requirements, banks have started to implement better tools and processes for managing liquidity risk with a new sense of urgency. We are pleased to see that Swedbank, along with many others, are benefitting from Aleri’s risk management solutions. ”
