Allied Irish Bank Implements AC Plus Platform for Risk Management

DUBLIN - The treasury division of Allied Irish Banks' (AIB) capital markets business is rolling out a data management platform from Asset Control to improve risk management by consolidating AIB's price data.

Asset Control says the installation is part of AIB's strategy to deal with risk and accounting regulations such as Basel II, Sarbanes-Oxley and IAS 39.

"They wanted to enhance their current environment, which was too manual, and reduce their reliance on spreadsheets, which had become unacc