# Commission Decision of 18 July 2011 on State aid C 15/09 (ex N 196/09), which Germany implemented and is planning to implement for Hypo Real Estate (notified under document C(2011) 5157) (Only the German text is authentic) (Text with EEA relevance) (2012/118/EU), Division 10.4: Commitments relating to information technology of HRE/PBB

Extent: E+W+S+N.I.

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 […].

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Source: https://www.legislation.gov.uk/eudn/2012/118/annex/division/10/division/10.4 (the official version)
Page: https://openlegislation.uk/eu-decision-2012-118/annex/division-10/division-10.4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.