BGZ Bank Live with FRSGlobal for Risk Exposure Insight
Polish commercial bank BGZ Bank has gone live with FRSGlobal’s automated solution for risk management and profitability analysis, RiskPro. As a result of the implementation the bank can benefit from the following functionality:
The first stage of the project involved FRSGlobal using RiskPro’s extract transform load (ETL) tool to automate the transfer of the details of over 1.5 million of the bank’s contracts creating a single repository of data. These contracts cover a wide range of the bank’s treasury products including interest rate swaps (IRSs), cross-currency interest rate swaps (CIRSs), overnight index swaps (OISs), forward rate agreements (FRAs), FX swaps, FX forwards, treasury and corporate bonds, T-bills, plain vanilla and exotic FX options, as well as full range of BGZ’s banking book products: term deposits, current and saving accounts, loans, credit cards, factoring, etc, which were previously managed separately.
Artur Godlewski, director of financial risk management bureau at BGZ bank, said: “It is essential that we have a full understanding of the level of risk the firm is exposed to at any time, and FRSGlobal’s RiskPro enables us to do this. Specifically, the powerful range of static and dynamic risk analyses, flexibility in parameterisation of reports, the system’s high performance, the wide range of contract types it provides us with, and the ability to deconstruct the bank’s products into building blocks were all key factors behind our choice.”