IBG successfully completed XBRL test submission to Bank of Greece with RiskAvert by Profile Software
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This feature is upgradeable
For End Users
You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information on Premium features.
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Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information
Ask an Analyst
Ask an analyst is the ability to communicate with one of our analysts about this vendor, system or genre of solution.
Survey Summary
The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us to discuss a subscription.
RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
HOW TO SUBSCRIBE
You can activate this feature with a VendorMatch Premium subscription. Please click here for more information on Premium features or contact us to discuss a subscription.
To learn more about subscribing to our service options, please contact us here
Profile Software, an international financial solutions provider, announced today the successful implementation of RiskAvert, its advanced regulatory capital calculation, liquidity risk, and XBRL validation and reporting platform, at IBG (Investment Bank of Greece) and the successful completion of the recent XBRL submission exercise to the Bank of Greece (EBA Reporting framework 2.7.0.1).
IBG is a leader in investment banking and brokerage services, holding top ranks in mergers and acquisitions, IPOs and SPOs as well as underwriting and debt structuring. Moreover IBG consistently occupies top positions among Greek brokerage houses in transaction volumes and is an undisputed leader in the local derivatives market. Since its establishment in 2000, IBG has transformed and expanded. From 2006 to 2012, IBG was a leader on the Athens Exchange in terms of volume, serving over 250,000 individual, business and institutional investor accounts. The Bank continues to retain its high rank as it expands into other areas of financial business.
The bank selected RiskAvert to address its compliance requirements that pertain to the implementation of a robust efficient and automated risk management platform to manage the calculation, group consolidation and reporting of credit, market, operational and liquidity risk. RiskAvert is continuously being enhanced to incorporate the latest regulatory requirements that enable banks to comply, automate and advance their Risk Management processes.
By deploying Profile’s RiskAvert, IBG is utilising the automated and rich functionality of the system, along with the support of Profile’s team, for XBRL validation and conversion processes. The solution fully satisfies XBRL taxonomies for all regulatory elements under the current EBA reporting framework and ensures comprehensive accommodation of COREP, FINREP (IFRS & GAAP), IP Losses, Large Exposures, Leverage, Asset Encumbrance, Additional Monitoring Tools, Liquidity, Funding plans and supervisory benchmarking portfolios.
Profile’s team has long-standing experience and a proven track record in efficiently delivering highly demanding, compliance-focused projects in SE Europe on time and on budget.