Commercial Bank selects MSCI for risk management tool

15/02/2015 08:35 AST

Commercial Bank has selected MSCI Inc as the provider of risk management tools for the bank’s investment portfolio.

The bank will utilise MSCI’s “RiskMetrics RiskManager” to analyse market risk on its investment portfolio, which includes exposure to fixed income and equity assets through direct and derivative-based securities.

Commercial Bank EGM and chief risk officer Rana A Salatt said, “One of Commercial Bank’s core objectives is to safeguard our multiple stakeholder interests.”

“We are committed to enhancing our existing robust risk management framework, which serves to encourage measured risk-taking activities while ensuring risk discipline is properly exercised. Our activities are designed to build a world-class market risk function at the bank and MSCI RiskManager will facilitate Commercial Bank’s Risk Management vision.”

MSCI managing director and head of Risk Management Analytics Roveen Bhansali said, “We are delighted to add such a prestigious client as Commercial Bank of Qatar to our client list. Commercial Bank’s aim is to strengthen and accelerate their investment portfolio analysis and we are confident that the range of products and services we possess supported by the rigor of our research will support their goals.”

MSCI RiskManager provides market exposures and sensitivities across a broad range of instruments including, commodities, equities, fixed income, FX, mortgages, and structured credit, using multiple Value at Risk (VaR) methodologies and flexible stress-testing.

It allows clients quickly to set up custom reports and automate overnight batch processing, run ad hoc analyses, design stress test scenarios, and perform what-if analyses to rebalance or hedge a portfolio. MSCI RiskManager is widely used by investment professionals, including banks, asset managers and hedge funds.

Gulf Times