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08/11/2011

By Scott Thompson

Metro Bank is to implement SunGard’s Ambit Asset Liability Management (ALM), solution.

It will use Ambit ALM for static and dynamic asset-liability management, liquidity risk management and hedge accounting. The solution will help the bank perform multi-dimensional analysis of the balance sheet, run stress tests and create reports. It will also help the bank identify and simulate strategies that minimise the cost of and exposure to liquidity risk and achieve compliance with the new liquidity management regulations from the FSA. The aim is to avoid undesirable volatility in earnings using micro fair value and portfolio fair value hedges.

Mike Brierley, chief financial officer at Metro Bank, says: “Ambit ALM will help us establish a strong foundation for liquidity and interest rate risk management so we can be prudent in our decision making, yet strategic for maximised returns. SunGard took a consultative approach to showcase the direct benefits of the solution by performing simulations using our own data. This convinced us that Ambit ALM closely met both our business and IT requirements.”

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