BfG Bank Picks Panorama For VAR And Regulatory Compliance Needs
BFG Bank, the Frankfurt-based subsidiary of Credit Lyonnais, has licensed Sungard Capital Markets' Panorama market risk management system in a deal worth $2 million.
The system, which should be up-and-running by year end, will help the bank comply with German regulations governing minimum dealing requirements as well as the EU's capital adequacy directives, says Robert Huebner, a director at BfG.
However, the bank also has plans to expand Panorama into an intraday risk reporting system that will
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