
Sponsor's article > SunGard expands global client base for its Basel II Solution
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
Risk managers mull Basel-style climate standards
Risk Live: Splintered approach to stress-testing across jurisdictions “very, very worrying”, says risk expert
Risk managers warn of emerging geopolitical crisis in Asia
Risk Live: Rising political tension between China and Taiwan has bank risk management teams on high alert
FCA may offer its market data to surveillance tech start-ups
Risk Live: Regulator concerned rapid AI adoption will favour incumbent vendors; aims to launch sandbox
After SVB downfall, EBA stress test seeks out unrealised losses
European regulator asks for data on the fair value and sensitivity of bonds and their hedges
Risk modellers navigate fearful new world of depositor behaviour
Silicon Valley Bank suffered fastest bank run in history, but how should others respond?
Eurex scrambles to avert Treasury collateral ban on US default
Current policy prevents CCP from selectively excluding eligible collateral
Quant Finance Master’s Guide 2023
Risk.net’s guide to the world’s leading quant master’s programmes, with the top 25 schools ranked
UBS found no advantage in quantum computing – ex data chief
Swiss bank tested various use cases in the trading business before giving up on the technology