The Societe Generale Group has selected Tibco's Enterprise Application Integration solution to integrate information from various trade-capture systems and streamline its risk-evaluation process. The system will initially be implemented in the New York location to improve Societe Generale's Management Information Systems (MIS) value for risk calculations, client relationship and cash management.
Algorithmics is working with key clients to create the Algo Credit-BIS II Module for its Algo Suite to meet the data architecture, data modeling and technology requirements under the evolving BIS II guidelines. The module will collect, map and store inputs required for BIS II credit-capital measures and provide calculations for the BIS II regulatory credit capital approaches. The module can be used in conjunction with Algo Collateral (Sentry) to meet minimum-operational requirements for collateral outlined in BIS II. The module is expected to be delivered in the first half of 2002. In addition, Algorithmics has added the Algo OpCapital Module to its Algo OpRisk solution. The OpCapital module adopts an actuarial approach for distributions assumed for both the number of losses per year (frequency) and the size of each loss (severity). The module uses Mark-to-Future simulations to produce the loss distribution.
The Confederacion Espanola de Cajas de Ahorros (CECA) has selected SunGard Trading and Risk Systems' Panorama solution to provide market and credit-risk management to its members. As part of its Global Risk Control Sectorial Project, Panorama will be installed and maintained at CECA's Madrid headquarters where 36 of its member banks will access the system remotely. Another five member banks will install Panorama locally to manage the risks of higher volume portfolios of complex derivatives.