18 February 2018
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Poland's Bank Pekao live with Kamakura risk manager

10 December 2007  |  1894 views  |  0 Source: Kamakura

Kamakura Corporation announced today that Bank Pekao S.A., based in Warsaw, has completed its installation of the Kamakura Risk Manager enterprise-wide risk management system and gone into full production.

Bank Pekao, a member of the Unicredit Group, uses the KRM system for compliance with the Basel II capital regulations and for static asset and liability management. The Bank is currently processing more than two million transactions in KRM. Systems integration on the project was led by IPS-Sendero, a unit of Fiserv, Ernst & Young and Asseco.

"As the largest bank in Poland, Bank Pekao has ambitious targets for creating shareholder value," said Dr. Marek Lusztyn, Director of Financial Risk Department of Bank Pekao S.A. "A critical determinant of our ability to create value is the ability to measure risk on an integrated basis, from interest rate risk management to the credit focus of Basel II. Kamakura's research leadership and its fully integrated KRM risk management system give us an unmatched ability to do that."

"The Bank Pekao team is creative and analytical," said Warren Sherman, Kamakura President and Chief Operating Officer. "It is an honor to have the Bank join the Kamakura user group. We look forward to the Bank's advice and counsel for many years ahead as we continue to broaden and strengthen the integrated ALM, market risk, credit risk, and capital allocation capabilities in KRM."

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