Systemic Risk Management, a provider of financial risk management systems, initiated cooperation with FIRST BUSINESS BANK (FBBank) covering the supply of its Credit Risk Management systems, and assistance in complying with the requirements of the new Capital Accord (Basel II).

The cooperation with FBB includes the installation and maintenance of the RV Rating© system, which will determine internal credit risk ratings for FBB?s obligors as well as their corresponding Default Probabilities depending on their risk profile. The system?s accuracy is based on the detailed analysis of each obligor by FBB?s analysts in order to evaluate important criteria (risk drivers) used by the system?s advanced statistical models.

Besides risk management, the RV Rating© system provides important tools to FBB for the optimization of the pricing of each credit exposure, taking under account potential losses as well as the cost of credit and operational capital.

First Business Bank is a fast growing Greek organization. It provides financial services to corporations and individuals via its branch network of 10 units in Athens and the suburbs.

Systemic RM offers an integrated suite of software systems and consulting services in the areas of Risk Management and Financial Derivatives, such as:

RV Market: market risk management
RV Credit: credit risk management
RV Rating: evaluation of obligor creditworthiness
RV Asset: portfolio management
RV Exchanges: exchange traded instruments: front-middle-back office

Major clients of Systemic-RM include, among others, National Bank of Greece, Marfin Group, HSBC Bank, Societe Generale, PIRAEUS Bank, as well as most Investment companies in Greece.