Société Générale Corporate & Investment Banking has enhanced its alliance with Algorithmics for a credit risk project. The bank has selected risk solutions provider Algorithmics to develop a counterparty credit valuation adjustment (CVA) solution that can be used to actively price and manage counterparty credit risk (CCR) across all asset classes.
Société Générale’s CVA desk project will support more risk-aware trading decisions with a consistent analytical and technical framework for risk managers and traders. The CVA desk function can serve as a catalyst for bringing together different areas of the bank with influence over CCR, including collateral management, market risk, credit risk and credit derivatives trading.
Click here for the release from Algorithmics.