The bank will use Wolters Kluwer’s OneSumX for Risk Management as well as OneSumX for Regulatory Reporting to build an integrated framework.
Milleis Banque is a brand by AnaCap Financial Partners, which acquired and revamped Barclays’ French retail banking and wealth management business – a firm with just over 100,000 clients.
Th bank will use OneSumX Asset and Liability Management (ALM), a centralised data repository combining contract data, balance sheet structures, counterparty and market data. It will also use OneSumX Market Risk to create a dynamic simulation of credit and market risk.
The use of OneSumX Credit Risk aims to provide single name and portfolio credit risk analysis by means of three components: current and future exposures, expected and unexpected credit loss based on stress and credit value-at-risk analysis, and credit value adjustments.
It will also implement OneSumX for Regulatory Reporting, maintained by Wolters Kluwer experts who actively monitor regulation in approximately 30 countries.
