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Italy’s Interbanca Picks SunGard’s Reech RiskHedge for Complex Valuations

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Italian banking group Interbanca has selected SunGard’s risk management engine, Reech RiskHedge, for the valuation of its complex portfolios. Andrea Liso, head of information systems at Interbanca, explains that the firm decided to move to a single risk management platform to simplify the process of calculating the value at risk (VaR) of its positions.

The solution is being delivered on an application service provider (ASP) basis, which the vendor says will help Interbanca keep entry and support costs low, while maximising the speed of implementation. “We were looking for high quality of results, quantitative expertise and sophistication,” says Liso.

The bank hopes that the solution will help its risk department measure the risk of incurring loss due to fluctuation in security prices, option volatility and credit spreads in the current market environment. It also expects Reech RiskHedge to assist in the production of various market risk reports that reflect market sensitivities or the complete VaR of the portfolio.

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