{"id":118158,"date":"2025-02-20T12:43:43","date_gmt":"2025-02-20T17:43:43","guid":{"rendered":"https:\/\/www.bloomberg.com\/professional\/insights\/press-announcement\/airstar-bank-adopts-bloomberg-mars-to-manage-banking-book-requirements\/"},"modified":"2025-06-23T11:08:44","modified_gmt":"2025-06-23T15:08:44","slug":"airstar-bank-adopts-bloomberg-mars-to-manage-banking-book-requirements","status":"publish","type":[3815],"link":"https:\/\/www.bloomberg.com\/professional\/insights\/press-announcement\/airstar-bank-adopts-bloomberg-mars-to-manage-banking-book-requirements\/","title":{"rendered":"Airstar Bank Adopts Bloomberg MARS to Manage Banking Book Requirements"},"content":{"rendered":"
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PRESS ANNOUNCEMENT<\/span><\/strong><\/p>\n\n<\/div>\n\n<\/div>

Airstar Bank Adopts Bloomberg MARS to Manage Banking Book Requirements<\/h1>\n<\/p>\n\n<\/div>\n \n<\/div>\n\n\n <\/div>\n <\/section>\n<\/div>\n\n
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February 20, 2025<\/p>\n<\/p>\n\n<\/div>\n

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Hong Kong <\/em>– Bloomberg announced today that Airstar Bank, a digital bank in Hong Kong, has adopted MARS Front Office, part of Bloomberg\u2019s Multi-Asset Risk System (MARS) solution, to support their Interest Rate Risk in Banking Book (IRRBB) stress test scenario analysis.<\/p>\n

To better align with Basel Committee requirements, the Hong Kong Monetary Authority (HKMA) has provided guidance for local banks managing interest rate and liquidity risk to adopt interest rate shock scenarios, in addition to the standard supervisory scenarios they may already have in place.<\/p>\n

In order to address this evolving regulatory requirement, Airstar Bank has utilized Bloomberg\u2019s MARS Front Office to enhance its stress testing and reporting. The scalable MARS solutions can also support the bank\u2019s daily market risk management and improve its operational efficiencies across the business.<\/p>\n

Airstar Bank commented: “Bloomberg MARS offers transparent modeling methodologies and automated data aggregation, which has improved our bank treasury and ALM workflows, reduced the risk of manual errors, and enhanced our regulatory reporting process. It has not only improved our compliance posture, but also freed up our risk team to focus on more strategic initiatives that support our long-term growth.”<\/p>\n

\u201cAmidst recent market volatility, regulators across jurisdictions have increased scrutiny around IRRBB, which requires banks to implement robust risk management and balance sheet management frameworks,\u201d said Chintan Shah, Global Head of Front Office & Treasury Risk at Bloomberg. \u201cMARS helps clients by providing sophisticated modeling, high-quality data and streamlined workflows. We look forward to supporting many more banks across the region with their regulatory reporting needs and help them to manage risks and volatility in these challenging times.\u201d<\/p>\n

Bloomberg\u2019s suite of Multi-Asset Risk Solutions (MARS), which are delivered on the Bloomberg Terminal and via APIs, provide risk analytics for cash and derivatives securities. Bloomberg MARS is used by more than 1,100 professionals, including traders, portfolio and risk managers at over 900 client firms to access real-time analytics, cutting edge derivatives pricing libraries and comprehensive market data coverage. The suite offers front office risk, market risk, counterparty risk, credit risk, hedge accounting, collateral management, regulatory capital and other metrics so firms have a unified and consistent front-to-back view of their businesses.<\/p>\n

For more information on Bloomberg\u2019s Risk solutions, click\u00a0here<\/a>.<\/p>\n

Bloomberg MARS has been recognized across a range of risk management and risk transfer solutions at the WatersTechnology Sell-Side Technology Awards 2024 with an award<\/a> for Best Sell-Side Front-Office Platform and additional wins<\/a> at the 2023 Risk Market Technology Awards, including Pricing and Analytics: Structured Products\/Cross-Asset and Best Support for Risk Free Rates.<\/p>\n\n<\/div>\n\n\n<\/div>\n\n\n <\/div>\n <\/section>\n<\/div>\n\n

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