Halifax to manage risk with SunGard

Halifax to manage risk with SunGard

The Halifax has selected SunGard's BancWare solution for group-wide interest rate risk management.

The UK financial services group is to use BancWare to provide interest rate risk management at a group level across multiple business units, incorporating measurements for optionality, income simulation and market valuation.

Bob Brooks, head of group asset & liability management at the Halifax, says the software provides transparency to the user and the intuitive analytic capability required to operate across a diverse user population.

SunGard says six of the top 10 UK banks and 11 of the top 16 UK building societies use BancWare for asset liability management.

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