Delta Lloyd Bank has deployed Wolters Kluwer Financial Services' ALM and liquidity risk management services for its Belgian and Dutch divisions, with an aim to boost risk management strategy.
The new system will assist the bank to carry out ALM and liquidity risk management analysis efficiently, which in turn will enable the bank to create the necessary country reports and analyses, or even extend to Basel III reports, Delta Lloyd Bank said.
The lender said that it has selected the new risk management platform as it enables it to supervise treasury and financial risk management, while allowing for regulatory differences between the two countries.
Delta Lloyd Bank division risk management head Rogier de Barbanson said Delta Lloyd Bank considers solid risk management a critical success factor, and so it is imperative that the systems in this area are flexible, stable and efficient.
"We selected Wolters Kluwer Financial Services’ solutions because we recognized that they will help us to establish more precise ALM and liquidity management processes and thus help us to further sharpen our risk management strategy overall," Barbanson commented.
Delta Lloyd Bank has been using Wolters Kluwer Financial Services’ offerings in other areas of its business since 1995; including its regulatory reporting solution to help comply with requirements outlined by the National Bank of Belgium.
Wolters Kluwer Financial Services caters audit, risk and compliance solutions that help financial organizations improve efficiency and effectiveness across their enterprise.
Delta Lloyd Bankengroep is a subsidiary of Delta Lloyd Group, which offers mortgages and financial products to private and commercial customers in The Netherlands and Belgium.