Helaba Selects Quantifi xVA Platform for Counterparty Risk Management
German bank replaces in-house xVA solution for counterparty risk mitigation and management.
With an increasing regulatory burden placed on risk mitigation and reporting, Helaba opted to replace its legacy xVA system ─ encompassing credit value adjustment (CVA), debt valuation adjustment (DVA) and funding value adjustment (FVA) calculations ─ with Quantifi's integrated trading, analytics and reporting solution, which covers xVA, IFRS13, EMIR, Mifid II, CRD IV, the Dodd-Frank Act and Basel lll, with particular focus on the bank's OTC derivatives business.
"The complexity in all aspects of counterparty risk management has driven Helaba to replace its in-house xVA risk solution with a technology partner that is both capable and committed to addressing the needs of this market," says Matthias Rapp, head of trading at Helaba. "To mitigate risk, enhance transparency, and increase capital efficiency, we need a more dynamic system that can provide consistent analytics and a single view of xVA risk across our entire portfolio of vanilla and exotic instruments."
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