Press Releases
SunGard Launches Capital Management and Liquidity Risk Management Solutions in China
May 27, 2010 — China
SunGard has launched its Ambit Capital Management and Ambit Liquidity Risk Management solutions in China. China Everbright Bank (CEB), Shenzhen Development Bank (SDB) and Shanghai Rural Commercial Bank (SRCB) are using SunGard’s Ambit to help meet increasingly complex international regulatory compliance requirements, and minimize the cost of, and exposure to, risk.
As China’s banking industry evolves, many banks are focusing more carefully on their ability to identify, measure, mitigate and control risks – particularly operational and market risk. In addition, the entrance of foreign banks to China, and the government’s encouragement of domestic banks to expand internationally, has driven a need for improved management of capital and liquidity risk. This is exacerbated by the adoption of new international regulatory systems, such as Basel II. The launch of the Ambit Capital Management and Ambit Liquidity Risk Management solutions aims to help banks meet these new risk management challenges.
Andreas Hug, managing director of SunGard’s Ambit Risk & Performance Management business unit, said, “To remain competitive, banks now need to deploy a capital management and liquidity risk management strategy that both meets market demands and is able to comply with industry regulations focused on more rigorous stress testing and increased transparency. As banks in China move towards becoming part of the global market, SunGard’s Ambit Capital Management and Ambit Liquidity Risk Management solutions can help them achieve international compliance and provide the required risk controls while at the same time helping them increase operational efficiency and profitability in their core business functions.”
SunGard’s Ambit Capital Management solution provides out of the box compliance and reporting for local and international rules, with an integrated user interface for stress testing against several industry-standard economic capital models. The solution helps a bank ensure that it is compliant with regulatory requirements, is able to set appropriate bank limits and can develop the most effective risk mitigation strategies. SunGard's Ambit Liquidity Risk Management solution provides financial institutions with a consistent and efficient approach to ongoing regulatory change in liquidity risk management. With Ambit Liquidity Risk Management solution, a bank can simulate the influence of test scenarios on the balance sheet, and therefore focus on more than just legal and regulatory compliance requirements.
About China Everbright Bank (CEB)
China Everbright Bank is headquartered in Beijing and is a financial institution that is founded under the approval of the State Council and the People's Bank of China. Since its inception, CEB has been implementing a client-centered and market-oriented strategy in a prudent manner. It closely keeps up with the restructuring and development of the Chinese economy and the financial industry, and continuously reforms and updates itself, providing quality financial services to all its retail and corporate clients.
About Shenzhen Development Bank (SDB)
Shenzhen Development Bank Limited is the first commercial bank in the People’s Republic of China that launched an IPO. After 20 years of rapid development, SDB has 266 branches in 18 major economic cities with above 600 banks as correspondent banks in over 70 countries and regions abroad.
About Shanghai Rural Commercial Bank (SRCB)
Shanghai Rural Commercial Bank is one of biggest rural commercial bank in China, devote to retail banking financial service as a famous regional commercial bank. SRCB has 319 branches all over the city of Shanghai.
About Ambit
SunGard’s Ambit banking solution suite helps retail, corporate and private banks to better manage their customers, staff and capital. Ambit helps more than 800 customers in over 70 countries retain and acquire customers, achieve staff efficiency, and measure and allocate their capital. For more information, visit www.sungard.com/ambit.
About SunGard
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 70 countries. SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue exceeding $5 billion, SunGard is ranked 380 on the Fortune 500 and is the largest privately held business software and IT services company.
Trademark Information: SunGard, the SunGard logo and Ambit are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.