Leading Finnish bank installs major upgrade of credit risk limits management system. This is one of the first implementations of GM/RV R2.2, the latest version of MKIRisk’s market-leading solution for integrated management of limits, exposure calculation and reporting across treasury, corporate and retail business lines. The enhanced multi-processor support offered by GM/RV R2.2 has enabled Leonia Bank to obtain significant performance improvements in processing large numbers of accounts and related limits. The bank, which already uses GM/RV to control the risk related to head office business, is now rolling out workstations to 22 corporate branches as well as several sales offices. ‘The improvement in close-of-day processing has been exceptional. We are now starting to take advantage of the new features in the upgraded version, such as pre-deal checking,’ said Jukka Maenpää, deputy general manager of credit risk management of Leonia Bank.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
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