IBG (Investment Bank of Greece) has selected RiskAvert, the advanced regulatory capital calculation, liquidity risk, and XBRL validation and reporting platform for the XBRL validation and conversion processes.
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. 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.