Misys Will Optimise SocGen's Balance Sheet, Risk And Margin Monitoring

Retail Banking Division of Socit Gnrale has selected Misys Almonde to reinforce its risk, margin simulation and monitoring capability. Socit Gnrale chose the Misys Almonde Asset Liability Management (ALM) and Funds Transfer Pricing (FTP) tool to establish an integrated system

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Retail Banking Division of Socit Gnrale has selected Misys Almonde to reinforce its risk, margin simulation and monitoring capability.

Socit Gnrale chose the Misys Almonde Asset Liability Management (ALM) and Funds Transfer Pricing (FTP) tool to establish an integrated system that is able to both run simulations and report on FTP, internal margin and Risk Management.

Misys Almonde combined ALM and FTP simulation as well as risk monitoring. It will provide the Socit Gnrale retail network with the ability to weigh the various risks according to their costs thanks to the additional use of the Misys ALM Portal.

Data management in Misys Almonde and Misys ALM Portal including control / validation, enrichment, historical storage and restitution of both imported data and results – is thorough and complete. The application also allows a wide and exhaustive range of financial modelling. Furthermore, the capacity to separate the functional and technical areas of operation, in order to resolve issues more easily, is one of the recognised keys to the success of implementing the software.

Our needs were to have a solution for managing state of the art Balance Sheet simulation as well as Risk and Margin monitoring, says Antoine Alexis, head of Profitability Analysis, Actuary and ALM, Socit Gnrale.

When cost of funding becomes too expensive in financial markets, it is essential for the Socit Gnrale Retail Banking Division to rely on a solution that will help our network to optimize our Balance Sheet management.

The Misys Almonde solution is the only offering in the market that is able to cater for our existing processes for internal Risk Management and FTP monitoring, says Julien Delbet, head of ALM, Retail Banking, Socit Gnrale.

Additionally, the structure of the Misys Almonde ALM solution enables us to acquire and maintain control easily. We will be able to significantly reduce the current level of manpower dedicated to administration, which will allow us to focus on various simulations of our risks and margins.

We are delighted with this additional collaboration with Socit Gnrale. The choice carried out by such a major player in the global banking environment validates the functional richness of our ALM and FTP solutions base on a robust, easy-to-implement and easy-to-use technical platform, says Olivier Berthier, managing director, Misys France.

L.D.

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