Standard Bank goes live with credit risk management solution
An international bank has gone live with a counterparty credit risk management solution today that will also help it achieve Basel II compliance in key areas of its business. Standard Bank announced that the first phase of its solution on a single global platform using SunGard’s Adaptiv Credit Risk had been completed.
Standard bank, which has trading centres in South Africa, the UK, Hong Kong, the US, Russia, Brazil and Argentina, will now use the solution to comply with Basel II requirements, though the solution will be adaptable to other international regulation. “Standard Bank’s data is now consolidated into one platform. Because of this, they can apply it to other relevant regulations should they need to in the future,” said Ian Graham, project director for SunGard.
Adaptive delivers on a single platform
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