Business Wire

Arion Bank Selects Moody’s Analytics Technology for Basel III and IFRS 9 Compliance

Del

Moody’s Analytics announced today that its technology has been selected by Arion Bank for both Basel III and IFRS 9 compliance.

Arion Bank, one of Iceland’s leading banks, will use the Moody’s Analytics RiskConfidence™ platform for impairment calculations and IFRS 9 requirements. It will also use the Moody’s Analytics RiskAuthority™ software for Basel III compliance and regulatory reporting. In implementing both solutions, Arion Bank will gain flexibility to meet both its present and future compliance and regulatory needs.

The RiskConfidence solution helps financial institutions analyze their portfolios and comply with IFRS 9 requirements. This solution also helps banks to create a holistic and granular view of their assets and liabilities, enabling them to leverage enterprise-wide analytics for effective ALM and liquidity risk management.

The RiskAuthority software offers a comprehensive end-to-end Basel III solution covering data management, regulatory capital calculations, and reporting. This integrated solution enables banks to consolidate and store required Basel I, II, and III data – such as assets, liabilities, off-balance sheet exposures, counterparties, ratings, risk drivers, and market data – all on one platform.

“Arion Bank’s decision to use Moody’s Analytics risk and capital management solutions as part of our internal risk management framework was driven by the flexibility the solutions offer to support Basel III compliance, IFRS 9 implementation requirements, and streamlined regulatory reporting,” said Dr. Gísli Óttarsson, CRO of Arion Bank. “The modularity of the solution supports our compliance needs, from Basel III and IFRS 9 to ALM and stress testing, from a strategic and integrated risk management platform.”

“We are delighted that Arion Bank has selected Moody’s Analytics solutions to address its compliance and regulatory reporting needs,” said Andrew Bockelman, Managing Director at Moody’s Analytics. “As financial institutions worldwide face increasing pressure from their regulators to meet Basel III and IFRS 9 compliance, our solutions help them to meet those challenges from a centralized, streamlined, and automated data management source.”

Click here to learn more about Moody’s Analytics IFRS 9 and Basel III solutions.

About Moody’s Analytics

Moody’s Analytics helps capital markets and risk management professionals worldwide respond to an evolving marketplace with confidence. The company offers unique tools and best practices for measuring and managing risk through expertise and experience in credit analysis, economic research, and financial risk management. By providing leading-edge software, advisory services, and research, including the proprietary analysis of Moody’s Investors Service, Moody’s Analytics integrates and customizes its offerings to address specific business challenges. Moody's Analytics is a subsidiary of Moody's Corporation (NYSE: MCO), which reported revenue of $4.2 billion in 2017, employs approximately 11,900 people worldwide and maintains a presence in 41 countries. Further information is available at moodysanalytics.com.

Contact information

Moody’s Analytics
LONDON
Tracey Scott, 044.207.772.5207
Assistant Vice-President
Corporate Communications
tracey.scott@moodys.com
or
NEW YORK
Justin Bursztein, 001.212.553.1163
Senior Communications Strategist
Corporate Communications
justin.bursztein@moodys.com

Om Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Følg saker fra Business Wire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Business Wire

Skitude Premium Launches, Offering Personalised 3D Mapping, 3D Tracks, Advanced Statistics, Speed Heat Maps and Apple Watch Compatibility18.12.2018 15:58Pressemelding

Skitude, the world’s largest apps community of digitally-connected snow sport lovers, with over a million users, has launched a premium version of its popular profile. Skitude apps are available for Android and Apple devices, and the premium upgrade offers the option to see your day’s skiing/boarding as an interactive 3D map, a speed ‘heat map’ or by statistical analysis of descents, slopes and distances covered. There is also Apple Watch compatibility, so your smartphone battery won’t be dead by lunchtime, as can often be the case with tracking apps. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181218005591/en/ (Photo: Skitude) Premium also offers 3D maps and advanced statistics for over 2,500 resorts worldwide, with real time information on slope conditions and whether runs are open. There are ‘points of interest’, webcams and a wealth of other useful information to help you make the most of your time on the slopes. Skit

PSB Names Mike Chuter Chief Executive Officer18.12.2018 14:15Pressemelding

PSB, a global research-based consultancy within BCW, announced today that Mike Chuter has joined the firm as Chief Executive Officer, effective immediately. Chuter is based in New York and reports to Donna Imperato, Global CEO of BCW. He is responsible for the global growth and development of the organization across its Corporate, Political, Media and Entertainment practices. “Mike is exceptionally well-suited to lead PSB given his deep experience interpreting data through both analytical and creative lenses and in driving integrated communications programs rooted in analytics,” said Imperato. “Mike is the right person to help PSB advise on holistic creative communications solutions that leverage the firm’s industry-leading expertise in primary research and behavioral, social and other third-party data analysis.” Chuter is a 25-year agency veteran who joins PSB from global social impact organization Thankful, which he co-founded in 2013, a one-half commercial enterprise, one-half socia

The Keio Plaza Hotel Tama Creates New “Hello Kitty” Photographic Spot and Sanrio Characters Themed Rooms -“My Melody” and “Little Twin Stars”18.12.2018 14:05Pressemelding

The Keio Plaza Hotel Co., Ltd., one of Japan’s most prestigious hotel companies operating hotels located in the Shinjuku district of Tokyo and other locations, is proud to announce that it is fortifying its collaborative relationship with the Sanrio Co., Ltd. (Headquarters: Shinagawa, Tokyo, President and CEO: Shintaro Tsuji) to expand our facilities and services featuring “Hello Kitty” and other Sanrio characters at our Keio Plaza Hotel Tama facility. We will create a new photographic spot within our hotel lobby where guests can take pictures with “Princess Kitty” in March 2019, and renovate another four rooms to become Sanrio characters themed rooms, two rooms each in the themes of “My Melody” and “Little Twin Stars” (Kiki and Lala), in June 2019 in addition to the four existing “Hello Kitty” themed rooms. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181218005251/en/ In Keio Plaza Hotel Tama, a new photo spot based upon

Chartbeat Announces the Most Engaging Stories of 201818.12.2018 12:00Pressemelding

Chartbeat, the leading content intelligence platform for publishers, today announces the Most Engaging Stories of 2018, the articles that were read most this year based on highest Engaged Time. Selected from over 60 million pieces of content published on thousands of media sites around the world, the top stories serve as a snapshot of the year’s major events and highlight the themes that resonated most with readers. 2018 saw familiar political and social themes rise to the top, including Brexit, the Trump administration, the #MeToo movement, and climate change, but it was the deeply investigated and deeply personal stories of human struggle from publications like CNN, The New York Times, New York Magazine, and Rolling Stone that topped the list again this year. “Each year, the Most Engaging Stories list proves the power of storytelling. We learn more about the world, of course, but we also learn more about how to make sense of it and each other,” said John Saroff, CEO of Chartbeat. “Th

European DataWarehouse Launches Enhanced Private Data Environment18.12.2018 11:23Pressemelding

European DataWarehouse (ED) today announced it has launched an enhanced version of ED Private, a private data environment to report information including energy efficiency and relevant documentation for a variety of instruments such as credit claims, covered bonds, private cash and synthetic ABS transactions, ABCP, whole loan portfolios and private repo transactions. Built on EDitor, an integrated web application, ED Private offers easy and user-friendly access. The solution facilitates controlled transmission of designated information between the issuer, who is responsible for authorising access, and data users. Furthermore, ED Private provides a technical framework for accessing, uploading and downloading information on demand. The enhanced private data environment for documentation and transactions can be used to facilitate reporting to rating agencies, central banks, competent authorities and dedicated investors. The technical framework for the transmission and dissemination of the

ZT Acquires Both Mobile & IoT Messaging and Interact Business Units From NewNet18.12.2018 10:17Pressemelding

ZephyrTel, a division of ESW Capital focused exclusively on global telecommunications operators, is pleased to announce it has acquired the Interact and Mobile Messaging business units of NewNet Communication Technologies with immediate effect. The acquisition will integrate the Mobile Messaging, Invigorate Rating and Charging Platform and the Nimblevox Cloud IVR technology into the ZephyrTel rapidly growing Telecoms Cloud Portfolio. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181218005330/en/ ZephyrTel's CEO, Mike Shinya (Photo: Business Wire) ZephyrTel has built a world-class telecommunication Cloud software company to provide software solutions and services to the global telco industry. The company’s primary objective is to provide carrier-grade Cloud applications and Cloud enablement products. The goal being to deliver industry-leading throughput, robustness, scale and value to its customers at the pace they need. Zep