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Asia Commercial Bank selects Moody's Analytics for AML and liquidity risk management

21 June 2012  |  2102 views  |  0 Source: Moody's Analytics

Moody's Analytics, a leader in credit risk measurement and management, today announced that Asia Commercial Bank (ACB), based in Vietnam, has selected Moody's Analytics for its ALM, Liquidity Risk, and Funds Transfer Pricing software.

Moody's Analytics enterprise risk management solutions, used by financial institutions globally, will help ACB to better manage its balance sheet by effectively and accurately monitoring interest rate and liquidity risk on a real-time basis.

"We are pleased that ACB has chosen to partner with Moody's Analytics in their efforts to build a next-generation risk management infrastructure," says Geoff Fite, Chief Operating Officer of Moody's Analytics, who is based in Singapore. "Banks in fast-growth markets such as Vietnam realize the long-term value of investing in integrated risk management systems—and our modular architecture will allow ACB to easily advance its systems over time."

"After a long and careful selection process by our internal investment panel, we've chosen Moody's Analytics as one of our key partners for ACB's Risk Management Transformation journey. Moody's Analytics' software will further enhance ACB's ability to better serve its stakeholders and to manage risks within its risk appetite, optimizing the bank's risk and return profile," according to ACB's Chief Risk Officer, BaDung Le.

The ACB agreement marks Moody's Analytics entrance into the Vietnamese market and continued growth in Asia. "We are pleased to welcome ACB to our continually expanding customer base in the region," said Brendon Seeto, Head of Asia Pacific, Enterprise Risk Solution Sales for Moody's Analytics. "Increasing regulations and growing interest in enterprise risk management best practice are providing the impetus for many firms here to make strategic investments that can differentiate themselves and ensure long-term sustainability and performance."

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