Sponsor's article > Standard Bank Selects SunGard for Global Basel II Compliance and Capital Management

Standard Bank will also use the Basel II Data Manager, a component of SunGard’s Basel II solution, to seamlessly aggregate data across the bank’s technology platforms and help streamline its capital management process.

Standard Bank selected the SunGard Basel II solution because of its ability to provide risk capital calculations across its retail and wholesale portfolios, with the transparency and auditability that Basel II demands. The bank also liked the Data Manager’s ability to facilitate data reconciliation with the general ledger and to help ensure confidence in the quality of the underlying data.

Annelie Schnaar-Campbell, head of Basel II implementation, Standard Bank, said, "We chose the Basel II Capital Manager for its ability help provide comprehensive compliance with Basel II regulations, and help add value through integration of regulatory and economic capital components. As a proven solution already in use at a number of European banks, we believe that the Basel II Capital Manager will help us not only to minimize implementation risk but also help us to deliver a sound solution within the required timeframes. As a customer of SunGard’s Adaptiv, intelliMATCH and Front solutions, we look forward to this expanded relationship.”

Richard Reeves, managing director, Basel II, at SunGard’s BancWare business unit, said, “As demonstrated by a number of successful implementations, the Basel II Capital Manager can be easily and rapidly deployed, with extensive, preconfigured models and calculations out-of-the-box. The solution is also easily enhanced with new models and analytical tools, helping our customers to quickly and cost-effectively evolve alongside the changing regulatory landscape.”

About Standard Bank Group
Rooted in Africa and with strategic representation in key sub-Saharan markets, the Standard Bank Group is a regional banking force with a global sweep. The holding company, Standard Bank Group Limited (SBG) is based in Johannesburg, South Africa.

The group delivers its services through around 750 points of representation in South Africa. Its network spans 16 other sub-Saharan countries and extends to 21 countries on other continents, including the significant emerging markets of Brazil, Russia and China.

SBG is the largest South African banking group ranked by market capitalisation and earnings. It is an established leader in banking technology for the personal and business markets in South Africa, while the corporate and investment banking arm has consistently been ranked in peer surveys as the market leader. In addition to banking, the Standard Bank Group has a strategic interest in the insurance industry through its control of the Liberty Group, one of Africa's leading life offices and financial services groups.

At 31 December 2004, the group had assets of R615.6 billion and employed more than 39 000 people worldwide.

About Basel II Capital Manager
SunGard’s Basel II Capital Manager provides modeling and analysis capabilities to help financial institutions develop comprehensive and risk-sensitive approaches for managing regulatory and economic capital and understanding credit risk. Basel II Data Manager facilitates modeling across a variety of assets structures for retail and wholesale banking books and, for comparison, across all allowable approaches under Basel II. In addition to handling the full range of approaches to complying with regulatory credit risk, SunGard’s Basel II Solution can also provide operational risk analysis, supporting the calculation of AMA capital requirements, as well as quantitative, stochastic 'OpV@R' analysis.

About SunGard
SunGard is a global leader in integrated software and processing solutions, primarily for financial services and higher education. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world’s 50 largest financial services companies. SunGard (NYSE:SDS) is a member of the S&P 500 and has annual revenue of $3 billion. Visit SunGard at www.sungard.com.

BaselAlert.com