Banque Cantonale de Fribourg (BCF), rated by Bilan as the best Cantonal Bank in Switzerland, has extended its use of SunGard’s Ambit Risk & Performance Management solution by selecting it to support its liquidity risk management operations. The Ambit solution will help BCF’s risk management team to meet new liquidity risk requirements and establish new processes for the measurement of potential liquidity gaps. It will also help BCF to continuously monitor its liquidity situation.
Ambit will help BCF to calculate the liquidity risk measures necessary to meet enhanced stress testing requirements recently mandated by the Bank for International Settlements (BIS) and local regulators. It will also help BCF to include its entire balance sheet in its liquidity risk analysis, giving it a better understanding of its current and future liquidity – both under normal conditions and under idiosyncratic or systemic stress testing. Finally, the solution also offers BCF advanced reporting capabilities that can help it to efficiently back-test its contingency planning.
Luc Jacquat, head of risk management at BCF, commented, “The liquidity risk solution that SunGard’s Ambit offers us will help us to strengthen the bank’s balance sheet by reducing our vulnerability to liquidity risk events. It will also help us to meet present and future regulatory environments. SunGard’s strong track record in Switzerland, combined with its knowledge of the liquidity risk management needs of Cantonal banks such as us, make this solution the ideal choice for BCF.”
Andi Hug, group vice president for SunGard’s Ambit Risk & Performance business unit, commented, “New regulatory requirements facing Swiss Cantonal Banks are going to make liquidity risk a major focus moving forward. By expanding its use of the Ambit Risk & Performance Management solution to include liquidity risk management, BCF is gaining an effective, knowledgeable, cost-efficient way to manage its liquidity risk, that will also assist with regulatory compliance.”
