Sponsor's article > SunGard expands global client base for its Basel II Solution
With the clock ticking down to compliance for Basel II, banks are moving from the theoretical to the practical, making decisions as to how, when and with what solutions they will address Basel II regulatory requirements. Recently, several leading European institutions – including a French private bank, a client in Sweden, and a top-5 UK bank -- have selected the SunGard Basel II Capital Manager to comply with Basel II requirements
Richard Reeves, managing director with SunGard’s BancWare operating unit in London, said that banks in Europe, the Middle East and Africa are looking for solutions that are scaleable, flexible and quick to implement. “Risk managers recognize that regulations will continue to evolve, and they will need tools that allow for compliance today – and tomorrow. They don’t want rigid solutions that require the ongoing and expensive involvement of outside consultants, or reliance on IT departments, so a solution that can be readily maintained by internal business managers once implemented is very appealing.”
SunGard Basel II Capital Manager helps financial institutions comply with and benefit from Basel II by providing regulatory and economic capital calculation models for the balance sheet, stress testing and reporting capabilities, as well as comprehensive audit functions.
Some banks have already moved from selection to implementation and are preparing regulatory calculations in advance of the December 2006 deadline. UK-based bank Bradford & Bingley is well advanced with the implementation of SunGard Basel II Capital Manager for its retail operations.
Alliance & Leicester, a £60 billion UK-based financial institution, took early advantage of the Basel Accord to strategically improve its risk management practices by identifying and freeing-up capital on its balance sheet. Using SunGard Basel II Capital Manager, Alliance & Leicester complies with Basel II for the Internal Ratings Based Approach.
For more on the SunGard Basel II Solution, visit http://www.sungard.com/products_and_services/stars/basel_ii/.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
More on Risk management
Beware war exclusions in cyber insurance, risk managers told
Risk Live: Experts say policy wording is tightening up following rise in ransomware attacks
Top 10 operational risks for 2024
The biggest op risks for the year ahead, as chosen by senior industry practitioners
Top 10 op risks: AI fears drive cyber risk to record high
External fraud re-enters top 10; change management now a top five concern
Harsh judgements: why Stateside lenders are upping the Q-factor
As CRE stalls, qualitative adjustments are forming a larger part of US banks’ credit risk allowances
As FCMs dwindle, regulators fear systemic risk
Panellists highlight dangers of clearing membership becoming more concentrated
Bank credit risk: how well do you know your counterparties?
As financial markets evolve, evaluating the complex credit risk exposures of non-bank counterparties is crucial for effective risk management, says Quantifi’s Dmitry Pugachevsky
EU index managers face funding risks as US moves to T+1
Rotations from European to US assets will need prefunding due to slower EU settlement
CCPs show support for daily stress margin tools
Anti-procyclicality measure floated by HKEX official sparks interest from rivals including Nasdaq
Most read
- As FCMs dwindle, regulators fear systemic risk
- Top 10 operational risks for 2024
- Top 10 op risks: AI fears drive cyber risk to record high