A machine learning-based risk analysis tool developed over six years by Bloomberg has been adopted by the wealth management unit of Denmark's largest bank. Danske Bank Asset Management will deploy the Liquidity Assessment Tool (LQA) to its fixed-income and equity portfolio investment units. The solution can be used by its bond risk managers, portfolio managers, traders, compliance officers and other institutional investors. "We are very excited about this new tool, which is a major step forward in our ability to assess liquidity risks," said Lars Christensen, head of asset management, Danske Bank.
A machine learning-based risk analysis tool developed over six years by Bloomberg has been adopted by the wealth management unit of Denmark's largest bank. Danske Bank Asset Management will deploy the Liquidity Assessment Tool (LQA) to its fixed-income and equity portfolio investment units. The solution can be used by its bond risk managers, portfolio managers, traders, compliance officers and other institutional investors. Bloomberg claims that the LQA is the first liquidity calculation tool to apply machine learning in this way.