Yorkshire Building Society (the Yorkshire), the UK's second largest building society, has implemented SunGard's Ambit Liquidity Risk solution to help meet its liquidity risk reporting needs, including UK regulatory frameworks.
This also includes liquidity reporting of the Capital Reporting Requirements Directive (CRDIV), the European regulatory standards on bank capital adequacy and liquidity.
Using Ambit Liquidity Risk, the Yorkshire can now improve its management of future liquidity requirements through improved forecasting of forthcoming business and market scenarios. This helps to better price, manage and allocate liquidity within the Yorkshire and into the UK market.
"Our organic, year on year growth naturally impacts key regulatory indicators for the measurement of capital and liquidity to which we, as an organization, have to manage. We therefore needed a solution to help us better forecast and manage our future liquidity in line with continued growth and regulation. We felt that SunGard offered the best solution in providing accurate Individual Liquidity Guidance (ILG) for UK regulatory reporting with the flexibility to meet our internal reporting requirements. In addition, SunGard's experience in helping firms address European regulation made it the obvious choice to help us address our requirements." --Mark Smith, head of ALM, Yorkshire Building Society.
"Liquidity risk management and reporting are critical priorities for firms around the world, many of which are facing challenges with data access and quality due to siloed infrastructures and legacy systems. We are seeing firms like Yorkshire Building Society investing in improving their operating frameworks to help acquire the reporting and cost efficiencies needed to successfully navigate today's complex regulatory landscape while maintaining sound performance." --Alwin Meyer, chief operating officer, risk and performance management, SunGard's capital markets business.