Basel-II News

Belgian Bank Selects riskpro for Asset Liability Management, Extending its IFRS and Basel II Usage

(Jan 9, 2007)-- IRIS AG, provider of financial risk management solutions, said that Bank J. Van Breda, a specialist Belgian retail bank, has selected riskpro to replace its current ALM tool. The bank will implement riskpro for IFRS and for Basel II.

The trigger for the evaluation of riskpro was the Basel II new capital accord. The bank wanted to report externally first with the standardized approach and at the same time implement the IRB foundation approach.

In addition it was appreciated that IRIS is a highly professional and nimble organisation, promptly responding to the requests of smaller and medium sized customers.The bank sees riskpro as its core risk management and reporting system replacing the existing older ALM tool.

The Implementation Team for ALM, led by Herbert Handstanger, quoted the following reasons to go for riskpro in the ALM area too: “Given the fact that data and core logic are very similar for IFRS, Basel II and ALM the decision to extend the scope came natural to us”.

Kris Luyten, Senior Consultant at IRIS AG, commented: “The integrated nature of riskpro is an essential strength for this medium sized bank. It saves time and money by avoiding multiple data feeds and reconciliation processes.”

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