Germany's Bayerische Landesbank (BayernLB) is rolling out Misys Risk Management Systems' Risk Vision software across the enterprise.
The Risk Vision package, which includes a risk data warehouse and exposure and limit management engine, will be integrated with various legacy systems to deliver consolidated limit and exposure management for retail and wholesale portfolios, as well as standardised limit maintenance.
The system will provide over 1000 users worldwide with direct online access to the global limits and exposures of BayernLB clients for both the trading and banking book. Misys says this usage will improve the bank's compliance with regulatory rules for limit and exposure monitoring and fulfills the requirements of phase two of the German MAK guidelines.
Ullrich Ströhlein, head, risk controlling and procedures, BayernLB, says the regulatory directive of Basel II prompted the bank to review its limits and exposures management operations.
"This investment will improve our exposure management capabilities," he says.