09.11.2007 /Technology
 The Bank of Moscow has launched the implementation of an Asset Management System
The new ALM–system (Asset Liability Management) developed by the IPS–Sendero Company experts will allow to promptly make decisions related to the Bank assets management. The IPS–Sendero Company KRM system used for assessment of various types of risks has proved itself excellent in the experience of the leading Western organisations. -Implementation of a new system in practice means achieving a new quality level in risk management, this includes interest-rate risks, currency and liquidity risks, - says Igor Burlakov, Director of the Resources and Liquidity Risks Department of the Bank of Moscow. — ALMthe KRM system of IPS–Sendero complies with the international standards, including the Basel II Accor, therefore, its implementation will allow the Bank to optimise the processes related to assesment and management of risks. Reference note on IPS- Sendero:
The IPS- Sendero Company is a subsidiary of Fiserv, Inc. (the latter appears in the rating list of the world`s 500 largest companies according to the Fortune magazine). The area of expertise for IPS- Sendero is software development for risk management at financial corporations. The Company operates in 56 countries, the total number of its clients exceeds 3,4 thousand. Center of public relations, Bank of Moscow
(495) 624-74-40
pr@mmbank.ru
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