First Union Bank Develops Fixed Income Risk Management System

U.S. super-regional First Union National Bank of North Carolina's Section 20 securities subsidiary has gone live with a proprietary value-at-risk market and credit risk management system.

First Union officials say the bank built the new system for two purposes: to provide internal risk management and to comply with the Bank for International Settlements' Tier II capital standards.

Russ Hovanec, fixed income manager at First Union, anticipates the unit's use of the VAR system evolving over time

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

AI wide open

The Risk Technology Awards 2018 have highlighted how new technologies are bringing recognition for vendors

Sponsored video: Philip Moyer, Amazon Web Services

Philip Moyer, Enterprise Cloud and Financial Technologies, Amazon Web Services, discusses the biggest government, regulatory and compliance (GRC) challenges organisations face today, how moving to the cloud can help firms prevent potential cyber attacks…

Most read articles loading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here