Lebanon & Gulf Bank opts for Misys for Basel II compliance, asset liability management and AML

Lebanon & Gulf Bank (LGB) has selected Misys Almonde to comply with Basel II regulatory requirements and fulfil its Asset Liability Management requirements.

The bank, which already runs its core banking operations on Misys Equation, will install the Misys Almonde platform in its headquarters in Beirut, integrating it with Equation and other market data systems in use at the bank. The integrated risk management and compliance platform from Misys will automate regulatory reporting within the bank

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