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Leslie Kramer
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Banque Centrale Populaire Chooses Algorithmics Integrated Risk Solutions

Solution will provide enterprise-wide strategic risk management platform

Banque Centrale Populaire, one of the largest banks in North Africa, has selected Algorithmics' software as the basis of its enterprise-wide risk management platform. BCP chose Algorithmics' integrated solution platform for market risk, asset liability management, credit limits, exposure management, Basel II regulatory capital calculation and regulatory reporting as the bank's group-wide strategic risk management platform.

"We had many objectives to consider in selecting our solution partner for this important project, including the mandatory requirement for a genuinely comprehensive strategic risk management platform. It was vital that we capture and measure all types of financial risk, to satisfy both our business objectives and regulatory obligations. After an exhaustive evaluation of a number of systems we chose Algorithmics because they could provide a full analysis of risk across our entire enterprise. The Algorithmics platform will capture accurate, fully integrated measures of risk at every level of the BCP Group, within a single, consistent methodology - and will help us manage and allocate our risk capital more effectively," said Mohamed Karim Mounir, general manager, Banque Centrale Populaire said in press release.

"Innovation in financial markets has resulted in market risk, credit risk, credit operations and asset liability management becoming interrelated and dependent. As a result, we are seeing an increasing number of institutions approaching their enterprise risk in a holistic manner. Algorithmics is unique in its ability to meet such demands," said Michael Zerbs, president and chief operating officer of Algorithmics, in a press release.

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