SunGard said that the deployment of ALM solution also includes the recently acquired Chelsea Building Society (CBS), helping the YBS to consolidate the commercial and residential businesses of the two firms onto a single balance sheet for better understanding of interest rate risk for the group.
With Ambit ALM, YBS plans to drive efficiencies in its mortgage management process as well as in pricing for new and existing clients.
According to the SunGard, the Ambit ALM will help to create a risk measurement and pricing system which is consistent with market-based pricing mechanisms.Ambit ALM will also help YBS model customer behavior, business strategy, interest rate scenarios and a range of other economic variables.
YBS head of asset liability management Mark Smith said the deployment of the solution across the recently acquired firm CBS will help to measure and manage interest rate risk at the group level and provide the necessary inputs for new business decision making.
SunGard Ambit Risk & Performance Management managing director Andreas Hug said that firms like Yorkshire Building Society can rely on SunGard’s Ambit Asset Liability Management solution to help measure and manage risk, forecast balance sheet performance, meet regulatory requirements and make critical business decisions.
