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SunGard Reech selected by Interbanca for risk calculations

Posted: 09 March 2009

The Italian banking group, Interbanca has selected SunGard's Reech RiskHedge, a risk management engine, for the valuation of its complex portfolios. Reech RiskHedge will allow Interbanca's risk department compute the Value at Risk (VaR) of its positions. Delivered on an application service provider (ASP) basis, Reech RiskHedge will help Interbanca keep entry and support costs low, while maximizing the speed of implementation.
As regulatory demands increase, SunGard's Reech RiskHedge will help Interbanca's risk department measure the risk of incurring loss due to fluctuation in security prices, option volatility and credit spreads. Andrea Liso, head of information systems at Interbanca, stated: "Interbanca's risk department decided to find a single risk management platform able to aggregate risk positions in accordance with industry best practices."

David Hassell, head of sales for SunGard's alternative investments business, said: "Interbanca was looking for a transparent and innovative risk engine that could help it manage the risk of its complex portfolios which include a broad range of asset classes, such as interest rate, credit, foreign exchange, equity and structured bonds."

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