Dutch Bank Selects SunGard to Upgrade Risk Infrastructure
SNS Bank taps SunGard to modernize treasury and risk infrastructure
In a bid to modernize its risk capabilities, SNS will create a centralized operational framework for credit and market risk management, including initial margin, potential future exposure (PFE) and valuation adjustment (XVA).
"As part of our strategy to transform SNS's risk operations and improve regulatory compliance, upgrading our technology is vital," says Bart Toering, MD at SNS Bank. "We are taking a proactive approach to modernizing our infrastructure across treasury and trading, so we can not only fully meet regulatory requirements, but drive business advantage from the benefits of new technology. Having a complete view of risk will help ensure better management, mitigation and overall business performance. Our long and successful relationship with SunGard played an important role in our choice."
The bank will benefit from a central platform to consolidate all valuations for an integrated, intra-day view of risk across the trading and banking book, streamlined analysis and reporting processes to support regulatory change.
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