Division 10.4 Commitments relating to information technology of HRE/PBB

Germany will ensure that HRE achieves the outstanding milestones in the ‘New Evolution’ IT project according to the project schedule — having regard to the usual uncertainties associated with the implementation of a project of this size. The outstanding milestones are Releases N3–N4/5. The project schedule is attached to the Commitments Document as an Annex.

Notwithstanding the above, Germany will in particular ensure that the methodological integration of market risk management and reporting functionalities is completed by the end of the fourth quarter of 2012. This will include consolidation of market risk methodologies and front office systems in the PBB sub-group and […].