AmpegaGerling Investment, the asset management division of Talanx Group, has selected SunGard’s APT to help it comply with German financial regulations. German finance industry regulator Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) has deployed revised minimum requirements for risk management. APT will assist the investment manager to report and monitor value at risk (VaR) on a daily basis over a 10-day horizon. These VaR results are then back tested to determine if any outliers present a breach of rules, which would then be investigated and reported to BaFin on a quarterly basis. APT will also measure the implied volatility surfaces on FX, equity indices, commodities and swaptions, as well as Euro-Bund futures.

Click here for the release from SunGard.