West African Development Bank (BOAD) Selects Wolters Kluwer’s OneSumX Solution for Risk Management

BOAD, the common development finance institution of the member countries of the West African Monetary Union (WAMU), specifically selected the Asset and Liability Management (ALM), Liquidity Risk, Market Risk, and Credit Risk components of OneSumX for Risk Management, to monitor performance, profitability and capital adequacy (both regulatory and economic). To assist in the bank’s decision making, the solution will also cover the parameters of BOAD’s risk appetite framework. The bank chose the solution with the aim of implementing an integrated approach to risk management and financial planning in order to strengthen its financial governance.