| Basel II software available US-based Reveleus has announced ‘Reveleus Basel II’, a framework that provides banks with a complete and flexible set of analytics and metrics that enable compliance with Basel II risk management requirements. The new framework offers banks the tools to manage enterprise-wide risk, accurately allocate capital, and avoid regulatory penalties associated with non-compliance with Basel II. Reveleus Basel II complies with the requirements for market risk and credit risk under standardised, foundation and advanced internal ratings-based approaches, and offers a framework to help banks measure capital requirements for operational risk under the basic indicator, standardised and advanced measurement approaches. Built on Reveleus Unified Metadata, the framework is designed to allow quick, seamless, transparent implementation of new specifications as Basel II evolves. Its extensible framework, will allow banks to comply with all three pillars required by the Basel II Accord, which include capital adequacy compliance, supervision and disclosure. Reveleus Basel II allows risk managers to rapidly implement adjustments for Basel II compliance as the BIS Committee finalises its regulations. Banks can also leverage the common Reveleus architecture, definitions, modules and data across all analytical applications to produce cross-functional, consistent, reconcilable results for risk, CRM, and enterprise financial performance.
•Date:
2nd May 2003 •Region: Worldwide/N.America
•Type: Article •Topic:
Op. risk
|
