Amid the changing regulatory regime in Germany, SunGard Financial systems and Ampega Gerling GmbH, the asset management division of the Talanx Group, can report the successful implementation of the investment manager’s new risk management reporting systems.

In line with the regulatory requirements of Germany’s Bundesanstalt für Finanzdienstleistleistungsaufsicht (‘BaFin’), APT will help the Ampega Gerling investment manager report and monitor Value at Risk (VaR) on a daily. The daily figures will then be analysed in batches of ten day periods to determine whether any outliers highlight a breach of the rules to be investigated and reported to BaFin, which requires reporting of breaches once a quarter.

SunGard Financial Systems provides mission-critical software and IT services to institutions in virtually every segment of the financial services industry. Their APT system can be implemented in buy-side operations to assist with portfolio analysis, risk management and regulatory reporting.

Rob Mackay, chief operating officer of SunGard’s APT business unit, said, ‘APT’s flexible batch risk reporting capability is a cost-efficient and effective solution that helps asset managers meet internal and external risk reporting requirements. Ampega Gerling is one of a growing number of German investment managers utilising APT’s risk management, BaFin compliance and risk reporting capabilities.’

Market risk management and transparent reporting is increasingly demanded by institutional and private investors but is only one of the financial management solutions offered by the SunGard.com/APT system, which can also be customised and scaled to provide portfolio construction and optimisation functions.

Via EPR Network
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