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Risk Management

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Financial Institution Selects SunGard’s Adaptiv Riskbox

The announcement follows demands by industry participants and regulators for stronger measures to manage counterparty credit risk.

In the aftermath of the financial crisis and the fall of Lehman Brothers, investors and regulators have been pushing firms towards greater transparency and stronger measures to manage counterparty credit exposure and defaults.

As such, ATB Financial, a Canadian full-service financial institution, announced it has selected SunGard's Adaptiv Riskbox and Collateral solutions to manage counterparty credit exposure from both a collateral management and a simulation Potential Future Exposure (PFE) perspective, which helps the bank understand its potential exposure to its trading partners and proactively reduce its counterparty risk.

ATB Financial will also be able to tap into Adaptiv's improved reporting capabilities, which provide trade level drill down and scenario-based measures.

Peter Freilinger, treasurer at ATB, said: "We need the most robust infrastructure to support our management of counterparty credit exposure through collateral netting and PFE simulation. The expertise of SunGard's Adaptiv team, as well as the technical and functional improvements they have made in the solution's calculation speed and result distribution areas, showed us once again that SunGard understands both our business and what we need in order to effectively compete in today's changing environment." Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio

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