BAWAG P.S.K. has selected COLLINE from Lombard Risk Management Plc. (Lombard Risk to strengthen its collateralised trading and meet emerging regulations. Clients adopting the web-based collateral management and clearing solution are said to be up and running within six months and can earn return on investment within the first twelve months itself.
Wolfgang Hanzl, Head of Operations at BAWAG P.S.K., comments that atomizing the management of their collateralised business will enable them to use collateral most efficiently and provide their clientele with an accurate and reliable service. Additionally, Hanzl states that the company will benefit from better risk management and improved regulatory compliance. BAWAG P.S.K. will go live with COLLINE at theViennahead office by September 2012.