Bayerische Landesbank Girozentrale Moves Towards Real-Time VAR Reports
BAYERISCHE Landesbank Girozentrale (BLG) in London is gearing up for a bank-wide risk management project that aims to provide real-time VAR and scenario analysis reports to the bank's trading and risk staff.
Andrew Downes, assistant general manager at BLG, says he wants the bank's risk reports available in real time, so that traders can react to them throughout the trading day.
At present, BLG's risk management and position reports are assembled daily and distributed overnight.
The first phase of
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