Belfius Bank uses the Numerix CrossAsset analytics platform for its model validation processes to achieve a greater level of independent model assessment, increased transparency and better risk controls.

“As the property of the Belgian government with the mandate of creating added value in various forms of society, we have a responsibility to our customers to guarantee the accuracy and completeness of the models used throughout our derivatives and risk operations,” said Luc Leonard, Head of Validation at Belfius.