SAP launches new Basel II functions for mySAP Banking

SAP said the Basel II functions of mySAP 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 EU international accounting standards functions of mySAP handle information at unit and group levels. The functions integrate financial statements and automated processes for inter-unit elimination, currency translation and consolidation of investments. The EU wants to apply the standards in 2005.

David Keefe

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