Press release
Banco Cooperativo Español switches to Adenza’s Calypso front-to-risk solution
Spanish commercial bank selects the Calypso platform for real-time trading and 360° middle-office and intraday risk monitoring Adenza today announced that
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[{"type":"text","content":"Spanish commercial bank selects the Calypso platform for real-time trading and 360° middle-office and intraday risk monitoring\n Adenza today announced that Banco Cooperativo Español has selected its Calypso front-office trading and risk management solution to power its cross-asset capital-markets trading activities and consolidate pricing, middle-office, P&L, and risk analytics on a single platform.\n By adopting a real-time and holistic front-to-risk solution, the bank is set to efficiently manage a growing portfolio that copes with the velocity of market conditions and an evolving regulatory landscape. Banco Cooperativo Español will also adopt a new approach to treasury management, including intraday cashflow monitoring and liquidity projections.\n With the cross-asset Calypso front-office trading and risk management solution, Banco Cooperativo Español can access real-time P&L and risk analytics dashboards to scale, simplify, and optimize its business. By providing intraday simulations and limits, native pricing of complex structured products, and a holistic suite of risk metrics including the standardized approach for counterparty credit risk (SA-CCR) and market risk (SA-MR), ISDA Standard Initial Margin Model (ISDA-SIMM), and P&L Explained by Greeks, the Adenza platform enables the bank to grow and thrive in a rapidly changing environment.\n We look forward to onboarding Calypso front-to-risk solutions in collaboration with the Adenza team and leveraging their strong expertise in the Spanish capital-markets regulatory landscape. The combination of front-office real-time tools and a complete suite of risk solutions, including regulatory compliance to SA-CCR, SA-MR, and UMR offers a central monitoring tool for our traders and risk managers. It is a fantastic steppingstone for further expansion as we consolidate our capital markets business on a single platform.\n - Manel Melcon Arbaizagoitia, Director de Tesorería y Mercado de Capitales\n We are excited to welcome Banco Cooperativo Español to Adenza’s growing community of regional banks looking to streamline their front-to-risk activities. By leveraging our comprehensive collection of interactive dashboards that bridge front-office data and risk analytics, the bank can simplify its capital markets ecosystem while adjusting to new market products and regulations.\n...