Basel II is a global banking regulation standard to establish regulations regarding how much capital banks need to keep in reserve.
How Modulo Risk Manager can help your business with Basel II compliance:
- Allows you to inventory your environment, identify, review, and assess risks
- Helps your organization meet requirements to create a risk structure and calculate the capital allocated to operating risk
- Allows you to inventory operating risk events stemming from Internet fraud, bank security, products, lawsuits, natural disasters, among other sources
- Ensures an accurate statistical assessment and allows you to develop the best operational risk estimate
- Can be adapted to small and large scale environments
- Automates processes that provide for continuous monitoring and generates reports measureing organizational compliance
- Provides detailed recommendations to mitigate both risks and security gaps
