Bank of Tokyo-Mitsubishi UFJ (Holland) NV (BTMU Holland) has signed with Wolters Kluwer Financial Services to use its OneSumX solution. The Netherlands subsidiary of the leading Japanese bank will now use OneSumX to manage both its liquidity risk and credit risk.
BTMU Holland is a long standing client of Wolters Kluwer Financial Services, using its regulatory reporting services. “The decision to use the company for its leading risk management solution came about following in-depth conversations about our wider requirements, beyond regulatory reporting,” commented Rob van der Kroon, head of the Risk Management Division at BTMU Holland. “The OneSumX implementation for liquidity and credit risk will create clear operational efficiencies for the bank and our investment here demonstrates the importance we place on mitigating risk for our clients and shareholders.”
OneSumX provides an ecosystem of governance, finance, risk and compliance solutions. BTMU Holland has specifically signed up to use the OneSumX liquidity risk management solution, which combines a risk management/stress engine and regulatory reporting platform, enabling firms to monitor, manage and report liquidity risk. BTMU Holland will also use the OneSumX Credit Risk solution, providing single name and portfolio credit risk analysis. It achieves this by means of three components: current and future exposures, expected and unexpected credit loss based on stress and credit value-at-risk analysis, and credit value adjustments.
“Regulators are applying greater focus on the liquidity risk within firms and our OneSumX solution allows firms such as BTMU Holland to assess and monitor this risk effectively,” said Kris Van Bavel, vice president of sales, EMEA, for Wolters Kluwer Financial Services. “Our credit risk solution, meanwhile, will also allow the bank to mitigate credit risk through a robust framework.”
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