Basel II Capital Manager will help YBS to achieve compliance and accreditation for the Basel II Internal Ratings Based (IRB) approach for capital calculations, helping it to free capital that it currently must set aside under existing regulations. YBS will use the drill down and multi-level data manipulation capabilities of Basel II Capital Manager to enhance risk analytics and help identify areas where capital could be used more efficiently.
The Capital Manager will also help YBS to fulfill both regulatory and internal management information requirements by acting as a data repository for reporting purposes. The solution helps provide data transparency, increased automation, and includes a full audit trail and tracking mechanism.
Tim Brooke, head of group audit and risk at YBS, said, “We expect to achieve incremental benefits with SunGard’s Basel II Capital Manager, which will help us to meet regulatory requirements, improve capital effectiveness and enhance risk information in support of the Society’s chosen strategy. We selected SunGard because of its demonstrated reliability - we also use BancWare ALM for interest rate risk management and Reech FastVal for independent valuations of our structured derivatives portfolio. We also liked many of the features of the Basel II solution, such as the audit and control functions, data transparency and risk-sensitive approaches for managing regulatory and economic capital. We are confident in SunGard’s ability to provide a leading solution for Basel II as it has successfully completed implementation of Basel II Capital Manager for a number of leading financial institutions in the UK.”
Richard Reeves, managing director of SunGard's Basel II Capital Manager business unit, said, “Having completed a number of implementations for Basel II, we are taking a partnership approach to helping our customers meet regulatory and internal requirements for capital management and reporting. We can help them avoid common pitfalls and develop best-practice credit risk and capital management frameworks by providing a combination of real-world experience and the latest academic thinking.”
About Yorkshire Building Society
Yorkshire Building Society is one of the largest building societies with 131 branches and 75 agencies across the UK. It is committed to mutuality and is determined to return real financial benefits to its members. Its purpose is to maximise long term benefits for a growing membership.
For more information on Yorkshire Building Society, visit our website - www.ybs.co.uk
An integrated solution suite for asset/liability management, budgeting and planning, regulatory compliance and profitability, BancWare is used by banks, mortgage and credit lenders, and other financial services institutions. BancWare provides a multidimensional asset/liability analytic solution with balance sheet simulation capabilities, and a variety of reporting options. For managing economic and regulatory capital, BancWare offers a modeling, analysis and reporting solution. BancWare provides a performance measurement solution that helps financial institutions manage profitability, and offers a data management and integration tool designed specifically for banks. More than 400 financial institutions, including 13 of the world’s top 20 banks, use BancWare.
With annual revenue of $4 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world’s 50 largest financial services companies. Visit SunGard at www.sungard.com.
The week on Risk.net, July 7-13, 2018Receive this by email