Swiss wealth manager Pictet Group has chosen Wolters Kluwer’s financial risk management solution for operations at its head office in Geneva.
The new solution will be integrated with Wolters Kluwer Financial Services’ Regulatory Reporting capabilities, currently employed at the firm’s operations in France, Hong Kong, Luxembourg, Singapore, Spain and Switzerland.
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Pictet will implement the Financial Risk Management solution to perform asset and liability management, liquidity risk, market risk and capital calculations at head-office level.
Pictet said that the new solution provides automated ALM, liquidity risk and market risk capabilities via a centralized data model, with limited manual intervention to reduce operational risk.
Wolters Kluwer risk management solution will provide Pictet with several types of indicators, such as incomes, VaR, Gaps, capital requirements and liquidity ratios on one singular platform.
In addition, the solution will also handle various other business and regulatory needs such as stress scenarios, dynamic simulations and reporting with the solution.
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