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Lundi 21 Octobre 2013

Yorkshire Building Society Implements SunGard’s Ambit Liquidity Risk to help meet UK Regulatory Reporting Requirements

Yorkshire Building Society (the Yorkshire), the UK’s second largest building society, has implemented SunGard’s Ambit Liquidity Risk solution to help meet its liquidity risk reporting needs, including UK regulatory frameworks. This also includes liquidity reporting of the Capital Reporting Requirements Directive (CRDIV), the European regulatory standards on bank capital adequacy and liquidity.

Using Ambit Liquidity Risk, the Yorkshire can now improve its management of future liquidity requirements through improved forecasting of forthcoming business and market scenarios. This helps to better price, manage and allocate liquidity within the Yorkshire and into the UK market.

“Our organic, year on year growth naturally impacts key regulatory indicators for the measurement of capital and liquidity to which we, as an organization, have to manage. We therefore needed a solution to help us better forecast and manage our future liquidity in line with continued growth and regulation. We felt that SunGard offered the best solution in providing accurate Individual Liquidity Guidance (ILG) for UK regulatory reporting with the flexibility to meet our internal reporting requirements. In addition, SunGard’s experience in helping firms address European regulation made it the obvious choice to help us address our requirements.”
Mark Smith, head of ALM, Yorkshire Building Society

“Liquidity risk management and reporting are critical priorities for firms around the world, many of which are facing challenges with data access and quality due to siloed infrastructures and legacy systems. We are seeing firms like Yorkshire Building Society investing in improving their operating frameworks to help acquire the reporting and cost efficiencies needed to successfully navigate today’s complex regulatory landscape while maintaining sound performance.”
Alwin Meyer, chief operating officer, risk and performance management, SunGard’s capital markets business

About SunGard Financial Systems
SunGard Financial System provides mission-critical software and IT services to institutions in virtually every segment of the financial services industry. The primary purpose of these systems is to automate the many detailed processes associated with trading, managing investment portfolios and accounting for investment assets. These solutions address the processing requirements of a broad range of users within financial services, including asset managers, traders, custodians, compliance officers, treasurers, insurers, risk managers, hedge fund managers, plan administrators and clearing agents. In addition, we also provide professional services that focus on application implementation and integration of these solutions and on custom software development.


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