Danske Bank completes first phase of economic capital project
Danske Bank has completed the first phase of an economic capital project with Algorithmics that will help the bank meet the Pillar 2 requirements of the Basel II Accord.
This is the latest in a series of Algorithmics implementations at Danske, which include market risk, collateral management, exposure calculation and limits management projects.
“Danske Bank uses economic capital to manage its business,” commented Erik Frandsen, first vice-president at Danske Bank. “Having a risk-sensitive measure
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