BASEL II
Basel II is designed to create a global standard to be used by banking regulators to establish regulations regarding how much capital banks need to reserve to be protected from different types of financial and operating risks banks usually face. A unified standard, advocators claim, will help create defense mechanisms for the financial sector globally to address issues that can cause potential failures.
Basel II is the second of the Basel Accords, which are guidelines on banking regulations issued by the Basel Committee on Banking Supervision. When Basel II was designed, the purpose was to strongly focus on risk management to ensure the adoption of best-practice risk management as a means of compliance. Today, the Basel Accord is recognized as an international standard that has been implemented in over 100 countries to guarantee that financial companies are measuring risks and are adequately capitalized to deal with them.
How can Risk Manager Module™ help your business?
- Risk Manager will allow you to inventory your environment, identify, review, assess, and help financial institutions to conform to Basel II.
- It will help your organization meet requirements to create a risk structure and calculate the capital allocated to operating risk.
- It will allow you to overcome the challenge to inventory operating risk events involving Internet frauds, bank security, products, legal processes, natural disasters, among others.
- It will ensure an accurate statistical assessment and allow the bank to develop the best operating risk estimate.
- It can be adapted to different size environments and is designed to provide risk management managers with a control panel and an automated model to help meet regulations in a way that is integrated to your business.
- It automates processes that provide for continuous monitoring and develops reports that can measure the level of your organization compliance.
- It provides recommendations to mitigate both risks and security gaps.
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