Algorithmics rolls out Basel II tool

Algorithmics, an enterprise risk management solutions specialist, and FRS, a global provider of regulatory and financial reporting solutions, have entered into an agreement to deliver regulatory reporting within the Algo Capital solution.

Algo Capital is a risk management solution that enables banks to measure and manage economic and regulatory capital and meet Basel II requirements. The integration of FRS Basel II reports within Algo Capital meets client requirements for the management and reporting of economic and regulatory capital.

"Comprehensive and flexible regulatory reporting is an important function within an effective capital management solution," said Michael Zerbs, chief executive officer at Algorithmics. "FRS has solid international experience and best-of-breed regulatory reporting that is an excellent fit within Algorithmics' Basel II solution."

"Institutions are being compelled through regulation to establish solid regulatory capital management and economic reporting capital measurement and management systems," said Debbie Williams, group vice-president, capital markets and risk management practices at Financial Insights. "Effective reporting ensures the benefits of the reporting engine are realised and regulators are provided with accurate, timely information."