WestLB goes live with SunGard's Credient

The bank said the package, which manages global credit limits and exposures, has been implemented throughout its global trading network, at 18 branches and with more than 300 users. “Traders around the world can use secure web technology to ensure they operate within our risk guidelines,” said Ottmar Bongers, managing director of the risk management support and control group at WestLB.

SunGard said the system has been designed to comply with the requirements of Basel II.

The New York-based technology company declined to comment on the cost.


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At a Risk.net webinar in association with capital markets technology provider Numerix, panellists discuss the potential for increased adoption of the public cloud to boost investment performance, its impact on risk management and overcoming barriers to…

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