The customized solution will also help manage interest and profit-rate analysis and banking book value at risk analysis, which is vital for efficient corporate governance and enterprise risk management, said the firm.
The bank claims that the solution will provide control and accuracy for its daily interest rate risk and liquidity risk management, and carry out valuation and sensitivity analysis and to maintain its regulatory compliance reporting pertaining to liquidity.
AmBank capital and balance sheet management head Bob Moffat said that with both active balance sheet risk management and compliance and regulatory reporting more important than ever before, the bank needed a solution that gave it a more detailed and scenario-based view of potential rate and liquidity risks.
"The Group went through a rigorous analysis process to review the information required for the asset liability management solution and define the appropriate models to be adopted. We now have a holistic and highly proactive approach to managing The Group’s balance sheet," Moffat added.
AmBank Group is a bank holding company including AMMB Holdings Berhad and its subsidiaries AmInvestment Bank Berhad, AmInvestment Group Berhad, AmBank (M) Berhad, AmIslamic Bank Berhad, AmG Insurance Berhad and AmLife Insurance Berhad.
The firm offers financial solutions such as investment banking, commercial banking, corporate and institutional banking, retail banking as well as underwriting of life and general insurance and takaful.