Bank of Hangzhou extends scope on MX.3 07 January 2025China Reporter: Jack McRae
Image: stock.adobe.com/zhu difeng
Bank of Hangzhou has expanded its use of Murex's MX.3 platform by implementing Murex’s Fundamental Review of the Trading Book (FRTB) solution.
The solution, MX.3 for FRTB, will enable the bank to better meet FRTB requirements. This expansion also deepens the collaboration between the bank and Murex.
Bank of Hangzhou initially implemented MX.3 in 2021 to support capital markets activities across asset classes.
Cheng Fan, general manager of Murex Greater China, says: "The roll-out of MX.3 for FRTB deepens our partnership with the Bank of Hangzhou and reaffirms our commitment to the Chinese market."
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Image: stock.adobe.com/zhu difeng 