SAP launches new Basel II functions for mySAP Banking

WALLDORF, GERMANY – German software services provider SAP said it is providing new functions for its mySAP Banking package to help banks meet the requirements of the risk-based Basel II capital accord and new international accounting standards in the European Union (EU).

SAP said the Basel II functions of mySAP Banking help banks calculate risk exposure and associated capital charges. They also support the supervisory review and disclosure pillars of the risk-based accord that global banking requlators want to apply to major banks from late 2006.

The international accounting standards functions of mySAP Banking handle information at unit and group levels. The functions integrate financial statements and automated processes for inter-unit elimination

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