Bayerische Vereinsbank Installs Enterprise-Wide Risk Application
TECHNOLOGY & INTEGRATION
Bayerische Vereinsbank, Germany's second largest bank, is installing a new enterprise-wide market risk management system from Palo Alto, California-based Integral Development.
Integral's system, dubbed Risk Management Framework (RMF), will initially cover BV Bank's Munich-based treasury operations. The risk engine generates end-of-day VAR reports based on full Monte Carlo simulation over arbitrage-free scenarios.
BV Bank began installing RMF last month and is due to go live by the first quarter of
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