VP Bank goes live with Sungard

VP Bank goes live with Sungard

Liechtenstein's third largest bank, VP Bank has gone live with BancWare and Panorama, SunGard's integrated solution for risk management across on and off balance sheet activities.

The combination will enable VP to achieve a consolidated view of risk for all of its core business activities: private trust banking, trading, asset management and the fund business, says SunGard. The bank is using Panorama and BancWare for market, credit and interest rate risk management, asset and liability management, budgeting and forecasting, funds transfer pricing, credit limit administration and regulatory reporting.

Adrian Hasler, first vice president, head of finances at VP Bank, says: "The ability of this solution to link our banking book and trading book activity allows us to more accurately and effectively manage our conservative risk policies."

Juerg Hunziker, senior vice president of SunGard's Panorama operating unit, says the two products are so tightly integrated that they effectively operate as modules of a single solution. "No other vendor can provide a solution for on and off balance sheet risk management that can match the breadth and depth of functionality provided by Panorama and BancWare," he boasts.

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