UBS's DESY+ Aims To Set Risk Management Standard


As part of its next-generation trading support system, Union Bank of Switzerland (UBS) will enhance its system to improve controls on off-balance sheet risk. The upgraded system--called DESY+--will integrate and in some cases replace third-party solutions now used for foreign currency options, swaps and other instruments.

DESY+, which is intended to establish bank-wide standards for risk management, accounting, data formats and interfaces for local risk management applications, will be imple