US-based financial solutions provider SunGard has announced that China-based Shenzhen Development Bank has selected its BancWare to help manage the latter’s market and liquidity risk and produce regulatory reporting.
BancWare ALM will be implemented in the bank’s head office in Shenzhen city. BancWare provides static and dynamic asset and liability management (ALM) analysis and detailed risk/return profiling, which will help Shenzhen Development Bank (SDB) manage its cash more efficiently, enhance its liquidity management, manage the interest rate term structure across multiple market and business scenarios and help improve the risk-return profile of its banking book.
The bank will also use BancWare to help it assess the risk sensitivity of its balance sheet across multiple reporting attributes and help it produce accurate and timely regulatory reports for the China Banking Regulatory Commission and Asset Liability Management Committee.
John Wilson, president of SunGard’s Asia-Pacific business unit, said: I look forward to developing a long-term relationship with SDB and other financial institutions in China to help them improve their risk-return profile and their strategic business planning.