Argenta adds FRSGlobal RiskPro “Treasury View” risk management module

Argenta, the Belgian bank, has expanded its FRSGlobal RiskPro system […]

April 9, 2009

Argenta, the Belgian bank, has expanded its FRSGlobal RiskPro system and will start using the Treasury View module alongside its Asset Liability Management (ALM), Value at Risk (VaR) and Funds Transfer Pricing (FTP) analysis module.

Argenta started working with RiskPro at end of 2006, using the risk management suite for ALM, VaR and FTP. In addition to the productive usage of a broad range of static analysis methods, Argenta has also implemented dynamic simulation which will enable the bank to perform its risk management and budgeting on a consistent basis.

The RiskPro Treasury View module consists of a wide range of analyses calculated with internal (Treasury) rates instead of with external (Customer) rates. This guarantees a complete view of the Treasury position, with due attention to liquidity risk.

Lode Vingerhoets, Risk Manager Groupwide, Argenta, said: “RiskPro has helped us to weather the current difficult market environment. Our usage of the product is even broader than we expected. One of its particular strengths is liquidity risk management.”

Kris Luyten, Sales Manager at FRSGlobal, commented: “As is the case with more and more of FRSGlobal’s clients, the current developments in risk and regulatory reporting requirements means that they will benefit from an ever increasing amount of developed functionality. We are delighted that Argenta is further broadening its use of the RiskPro system. ”

“The Belgian market is characterised by a wide variety of sophisticated retail mortgage products with several options (prepayments, caps and floors). This has positively influenced the product range of RiskPro. The wide choice of contract types in RiskPro and the flexibility of analysis methods makes it a perfect tool for this challenging market, as illustrated by the fact that five banks in Benelux now have RiskPro in production.”

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