04 November 2009 News

 

Deutsche Postbank selects SunGard's Adaptiv

Deutsche Postbank has selected SunGard's Adaptiv Risk Cube system to help it build an internal model for market risk and to try and improve the analysis and transparency of large volumes of data. Adaptiv Risk Cube should provide Postbank with access to risk data, from an enterprise level down to individual trade and Monte Carlo scenario level.

Postbank is currently using SunGard's Adaptiv to help manage its intra-day and end-of-day market risk reporting. The addition of SunGard's Risk Cube risk analysis solution could help Postbank to view a complete picture of market risk data across the enterprise, with the ability to question and gain greater detail on sources of risk. The system is also designed to help Postbank to make immediate intra-day amendments and data corrections to market risk reports generated at all levels.  

Klaus Leusmann, head of risk control at Deutsche Postbank, commented: "In the current volatile environment it's extremely important to have fast, reliable risk analysis that provides transparency across the enterprise. It's also important to be able to drill down into specific activities and generate ad-hoc analysis quickly when needed. Adaptiv Risk Cube is a crucial component to providing a clear explanation of our P/L and Monte Carlo VaR analysis. It's a major contributor to our internal model approval process, which helps us to benefit from substantial regulatory capital savings."