Belfius Uses Numerix To Tackle Model Risk

Belfius bank, a Belgian relationship bank and insurance company, has chosen Numerix's cross-asset model validation system to perform more challenging model analysis. The move is an example of the growing number of financial firms recognising the risks posed by inaccurate models, according to an executive at the analytics vendor.

Numerix CrossAsset for Model Validation provides access to hundreds of market standard models and methodologies for all major asset classes. It allows firms to make