Croatian National Bank has chosen Wallstreet Suite from Wall Street Systems to help support reserve management operations and achieve compliance with eurozone standards. Croatia is preparing to join the European Union and eurozone within the next two years.
The Croatian National Bank will deploy Wallstreet Suite to 28 users in their reserve management department. The bank aims to standardise and automate semi-manual treasury processes in order to achieve high levels of straight-through processing (STP), free up resources and allow for more value-added risk management and investment research activities. Implementation began in November 2008 and the system is scheduled to go live in mid-2009.
Jadranka Marušic, director, international reserves & FX liquidity at the Croatian National Bank, said: “We selected Wallstreet because of their dedicated focus on the eurozone central banking sector. The Wallstreet Suite covers a broad range of central bank processes.”
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