Zrcher Kantonalbank (ZKB) is now live on the latest version of the enterprise-wide risk management software, Risk Vision from Misys plc.
The bank is implementing the latest version of Misys Risk Vision to gather and analyse exposure to risk across its entire business on a local level as well as globally. It was keen to take advantage of the latest functionality of Misys Risk Vision 5.5 to drive further improvements. Through real-time views, ZKB benefits from enhanced exposure measurement, limits management and improved risk mitigation.
The latest release of Misys Risk Vision has enabled ZKB to benefit specifically from expanded risk mitigation functionality in the area of netting agreements and collateral. It provides ZKB with additional coverage in the areas of Commodities, Swaps and Annuity Loans. Continual optimisation of both intra-day and end-of-day performance allows better management of daily workflows. This ensures the accuracy of real-time exposure information for use by both front-office users (via Pre Deal Check (PDC)) and credit decision makers.
Dr. Luc Seydoux, Head of Credit Risk Management, ZKB:
“Risk Vision 5.5 provides us with the ability to execute more stringent credit risk management processes. When the markets were in turmoil during the fourth quarter of 2008, Misys Risk Vision was of paramount importance to ZKB. We have significant trading operations so having the information available in real time was crucial to knowing our risk position relative to our counterparties’ credit risk.”
David Stewart, Solutions Director, Misys Risk:
“The development of Risk Vision has centred on offering financial institutions a total view of their risk whenever and wherever it is needed. We are delighted to have worked with ZKB to ensure our enhanced functionality offers greater performance and flexibility to their risk management procedures.”
L.D.