Millennium bcp, one of Portugal’s largest banks with presence in Poland and Mozambique, announced it will implement Murex’s MX.3 platform to strengthen its market risk management capabilities, with a particular focus on compliance with the Fundamental Review of the Trading Book (FRTB).
The initiative will span across the bank’s operations in Portugal, Poland and Mozambique, ensuring a unified and robust risk framework across all geographies. Implementation is set to begin this year, with phased roll outs driven by functional priorities and operational readiness.
Murex will provide Millennium with capabilities to monitor market risk across its core geographies and ensure consistent transparency and control throughout its international operations. The solution will cover the full spectrum of asset classes managed by Millennium, supporting a comprehensive view of risk across interest rates, foreign exchange, equities, credit and derivatives.
This coordinated deployment of MX.3 reflects the bank’s commitment to aligning its market risk oversight with global standards, enhancing operational efficiency and maintaining a unified framework across diverse regulatory environments.
Murex global co-head of Business Development Edouard Balliere said in a statement that the partnership strives to “support the bank’s strategic ambitions by delivering robust market risk and regulatory compliance solutions while streamlining operations.”