Bank Pekao, a member of the Unicredit Group, uses the KRM system for compliance with the Basel II capital regulations and for static asset and liability management. The bank is currently processing more than two million transactions in KRM. Systems integration on the project was led by IPS-Sendero, a unit of Fiserv, Ernst & Young and Asseco.
Marek Lusztyn, director of financial risk department of Bank Pekao, said: As the largest bank in Poland, Bank Pekao has ambitious targets for creating shareholder value. A critical determinant of our ability to create value is the ability to measure risk on an integrated basis, from interest rate risk management to the credit focus of Basel II. Kamakura’s research leadership and its fully integrated KRM risk management system give us an unmatched ability to do that.
