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Hypo International Strengthens Risk Management with a Large-Scale, Secure Spreadsheet-Management Framework

Author

Listed:
  • Yusuf Jafry

    (Risk Integrated, Douglas, Isle of Man, IM1 2LH, British Isles)

  • Christopher Marrison

    (Risk Integrated, Garrison, New York 10524)

  • Ulrike Umkehrer-Neudeck

    (Hypo Real Estate Systems GmbH, Münich, Germany)

Abstract

We present the solution that Hypo Real Estate Bank International (Hypo) implemented to perform Monte Carlo simulations of its commercial real estate credit risk. The solution uses Risk Integrated's proprietary software, the Specialized Finance System, which is supported by another Risk Integrated technology, the Enterprise Spreadsheet Platform. The platform embeds individual master spreadsheets within a high-performance, server-based, computational-engine architecture; thus, it enables them to be accessed enterprise-wide. The major benefit of this approach is the near-elimination of spreadsheet risk in Hypo's banking system. The solution allows domain experts to have the flexible programming power that spreadsheets provide; however, it does not sacrifice the reliability and auditability expected from traditional business applications.

Suggested Citation

  • Yusuf Jafry & Christopher Marrison & Ulrike Umkehrer-Neudeck, 2008. "Hypo International Strengthens Risk Management with a Large-Scale, Secure Spreadsheet-Management Framework," Interfaces, INFORMS, vol. 38(4), pages 281-288, August.
    • Handle: RePEc:inm:orinte:v:38:y:2008:i:4:p:281-288
    DOI: 10.1287/inte.1080.0372
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