Belfius Bank Selects Numerix CrossAsset

belgium
The Belgian government acted as a guarantor for Dexia when a loss of confidence caused a run on its accounts.

Owned by the Belgian state and formerly known as Dexia, Belfius aims to reduce its operational risk through a more granular oversight of its derivatives trading operations. CrossAsset's libraries allow for the bank to compare different models in order to validate risk sensitivity and pricing outputs, as well as simulate how the results vary under different parameters.

"As the property of the Belgian government with the mandate of creating added value in various forms of society, we have a responsibility to our customers to guarantee the accuracy and completeness of the models used throughout our derivatives and risk operations," says Luc Leonard, head of validation at Belfius. "But reactivity and efficiency are also key success factors in a very competitive environment. Numerix was thus an excellent match to our needs: it will significantly improve our efficiency by allowing us to perform deeper and more challenging analysis under shorter time delays."

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Enough with the ‘Bloomberg Killers’ already

Waters Wrap: Anthony interviews LSEG’s Dean Berry about the Workspace platform, and provides his own thoughts on how that platform and the Terminal have been portrayed over the last few months.

Banks seemingly build more than buy, but why?

Waters Wrap: A new report states that banks are increasingly enticed by the idea of building systems in-house, versus being locked into a long-term vendor contract. Anthony explores the reason for this shift.

Most read articles loading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here