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Topic: Basel II

Ads by Google      Basel II - Wikipedia, the free encyclopedia Basel II has also largely left alone the question of how to actually define bank capital, which diverges from accounting equity in important respects. The Basel II deliberations began in January 2001, driven largely by concern about the arbitrage issues that develop when regulatory capital requirements diverge from accurate economic capital calculations. Basel II uses a "three pillars" concept - (1) minimum capital requirements; (2) supervisory review; and (3) market discipline - to promote greater stability in the financial system. http://en.wikipedia.org/wiki/Basel_II   (999 words)      Operational risk - Wikipedia, the free encyclopedia Basel II and various Supervisory bodies of the countries have prescribed various soundness standards for Operational Risk Management for Banks and similar Financial Institutions. According to §644 of International Convergence of Capital Measurement and Capital Standards, known as Basel II, operational risk is defined as the risk of loss resulting from inadequate or failed internal processes, people and systems, or from external events. Although the risks apply to any organisation in business it is of particular relevance to the banking regime where regulators are responsible for establishing safeguards to protect against systemic failure of the banking system and the economy. http://en.wikipedia.org/wiki/Operational_risk   (412 words)      FDIC: FYI - Risk-Based Capital Requirements for Commercial Lending: The Impact of Basel II Basel II in effect sets minimum risk-based capital requirements at the level of the individual credit exposure, and in so doing sharply differentiates in terms of quality among the universe of credits, a universe for which banks currently face a single, identical, capital requirement for non-problem loans. The purpose of this article is to demonstrate the mechanics of the Basel II risk-based capital calculation for commercial credit exposures, and to present evidence on the impact of the new calculations on capital requirements for syndicated loans. The Basel II proposals incorporate the maturity of the credit exposure into the IRB approach capital requirements since maturity is a material driver of credit risk. http://www.fdic.gov/bank/analytical/fyi/2003/042103fyi.html   (5353 words)      RISK MANAGEMENT - BASEL II - Hyperion Basel II requires rigorous understanding and control over operational and credit risk exposures with supervisory review, risk management, transparency and accountability. Hyperion provides an open architecture to meet the regulatory needs of both Basel II and normal corporate reporting requirements with solutions for Portfolio Analysis, Credit Analysis, and Credit Risk with provisions to meet the disclosure requirements mandated by Basel II and other regulatory bodies. Built on the Hyperion BI platform, the Basel II solution helps banks understand credit exposure at the corporate level by consolidating financial and operational data into a single version of the truth. http://www.hyperion.com/solutions/project/risk_management/basel2.cfm   (313 words)      Consensus achieved on Basel II proposals Basel II represents a major revision of the international standard on bank capital adequacy that was introduced in 1988. The Basel Committee on Banking Supervision is pleased to announce that it has achieved consensus on the remaining issues regarding the proposals for a new international capital standard. Following up on its statements issued in January 2004 related to the application of Basel II across borders, the Committee furthermore elaborated certain principles and issues regarding the need for home and host country supervisors to coordinate and cooperate to reduce burdens on the industry and to employ supervisory resources efficiently and effectively. http://www.bis.org/press/p040511.htm   (3174 words)      FRB: Testimony, Bies--The Basel II Accord and H.R. 1226--May 11, 2005 Basel II offers the opportunity to work with these large entities to develop quantitative risk-measurement and risk-management systems that can both measure their risk more accurately and become the basis for more risk-focused capital requirements and prudential supervision. However, these revised Basel I rules would not be an adequate substitute for the necessary capital reforms for the large, complex, global banks operating in this country because they would not provide the incentives for banks to adopt the more-sophisticated risk-measurement and risk-management techniques envisioned by the Basel II proposal. First, the dispersion among the banks in their estimates of the key parameters that would be used to calculate Basel II capital requirements was quite wide--much wider than expected. http://www.federalreserve.gov/boarddocs/testimony/2005/20050511/default.htm   (2747 words)      Basel II: Facts and details from Encyclopedia Topic According to §644 of international convergence of capital measurement and capital standards, known as basel ii, operational risk is defined as the risk of loss... A central bank is an entity responsible for monetary policy of its country (or in the case of the eu, group of member countries).... Basel II implementation involves identifying credit risk, EHandler: no quick summary. http://www.absoluteastronomy.com/encyclopedia/b/ba/basel_ii1.htm   (552 words)      Hyperion solutions for compliance, Basel II, compliance - Hyperion To be in compliance with Basel II, a banking institution must deliver appropriate reporting of operational risk exposures and loss data to its board of directors and senior management. Compliance with Basel II therefore requires analysis of enormous amounts of data, particularly in the case of banks with large networks of domestic and foreign branches. A significant transformation in banking and risk management practices is occurring since the Basel Committee on Banking Supervision’s Capital Accord was introduced the 1988. http://www.hyperion.com/solutions/lob/compliance/basel2.cfm   (297 words)      Basel II story November 3, 2003 - Commercial Real Estate Direct Yet, under the proposed Basel II, CMBS rated Ba2 by Moody's would require capital to be set aside to cover up to 7.4 percent of expected losses, while a comparably rated corporate bond would only require that 1.7 percent of expected losses were set aside. In addition, under the proposed Basel II, institutions would have to set aside different amounts of capital for CMBS depending on whether they retained bonds from a deal they originated or whether they acquired the bonds. Its members are the central banks of 55 countries, and it aims to implement international banking standards. http://www.rer.org/politicalaction/Basel_Nov6_CRE.cfm   (623 words)      Consul - Press Releases - Consul launches Basel II Compliance Management Module for Consul InSight Security Manager Under Basel II, financial institutions are required to establish capital reserves of between 8 and 18 % for unforeseen risks. Compliance with Basel II involves measuring many risk factors, including credit, market, and operational risks, with anticipated positive effects on reliability and the public image of banks and insurance firms. Acting like a security auditor, the Basel II Module delivers regulation-specific, out-of-the-box policy templates, a dashboard and dozens of reports specifically tailored for security auditing and management activities vital to compliance with Basel II. http://www.consul.com/PressReleaseDetail.asp?prid=85&pid=23   (396 words)      Basel II Compliance With Informatica The Basel II Accord was crafted in response to the estimated $12 billion lost in the financial markets since 1992—a figure attributed to poor risk management practices and fraud. While financial services companies will ultimately benefit from the implementation of the Basel II Accord’s risk management guidelines, the immediate task is a daunting one: to collect and analyze two or more years’ worth of business data before the Basel II Accord takes effect in 2007. And astute companies have already noted that the data infrastructure needed to comply with the Basel II risk management guidelines could also be leveraged for International Accounting Standards (IAS) compliance, as well as business intelligence applications, such as customer profitability analysis. http://www.informatica.com/solutions/industry/financial/baselii   (468 words)      KRM - Basel II Solutions The Basel II guidelines promulgated by the Bank for International Settlements (BIS) establish capital adequacy requirements and supervisory standards for banks to be implemented by 2007. The challenge of Basel II comes from the significant changes to bank policies, procedures and methods it implies and from the need for technological solutions that do not exist or are inadequately developed in most banks today. But Basel II also provides banks with opportunities to realize many managerial and financial benefits, especially under the IRB advanced approach, as indicated below. http://www.kamakuraco.com/Basel2.htm   (479 words)      Basel II Basel II also provides a unique opportunity for banks to modernize and upgrade their risk practices, policies and technology so that they can manage their credit risk, market risk and operational risk in a holistic fashion. The new Basel Capital Accord gives banks the opportunity to reduce their economic capital and regulatory capital through efficient data management and reporting. Financial institutions can therefore look to SunGard for Basel II compliance with the security and confidence that they are dealing with a partner with experience in all the key areas. http://www.sungard.com/basel2   (168 words)      Risk & Regulatory Management: Basel II Services The Basel II Accord has been described as "the blueprint for the most radical changes to the way banks are regulated." The new regime will require banks to make substantial changes to processes and systems. Basel II requirements have forced banks to focus on risk and finance data, providing an opportunity to take advantage of investment opportunities. The Bank for International Settlements' Basel Committee began revising the original 1988 Basel Accord in the late 1990s, to align capital more sensitively with risk and to spur banks to improve their risk management. http://www.accenture.com/xd/xd.asp?it=enweb&xd=industries/financial/banking/capabilities/fsi_basel2.xml   (605 words)      Enterprise - Access to Finance - Basel II The Basel Committee on Banking Supervision published a new framework agreement in 2004 that aims to make the international financial system safer by having the riskiness of banks' loan portfolios to be reflected in the capital charges they need to set aside against unexpected losses. The European Commission is responsible for the legislation that implements the Basel II legislation in Europe. Study on consequences of the new capital requirements (2004): This study complemented the impact studies made by the Basel Committee on the effects of the reform. http://ec.europa.eu/enterprise/entrepreneurship/financing/basel_2.htm   (542 words)      Basel II Basel II Compliance with the Basel II Accord means being able to identify, generate, track and report on risk-related data in an integrated manner, with full auditability and transparency. At BancWare, we've worked with banks worldwide to meet Basel II compliance requirements and develop risk-sensitive approaches for managing regulatory and economic capital and understanding credit risk. BancWare can help you at all stages of your Basel II project, from data management and reconciliation, to PD/LGD/EAD estimation, to regulatory capital calculations, and reporting. http://www.sungard.com/products_and_services/stars/bancware/solutions/baselii.htm   (220 words)      Basel II Credit Risk Mitigation Chordiant The framework defined by the Basel II Accord consists of three pillars that together, seek to increase financial stability by better aligning a bank's regulatory capital to the actual risk, by supervising this process, and by rewarding banks that successfully implement it. The first pillar of the Basel II Accord, Minimum Capital Requirements, specifies how a bank's capital requirements can be better aligned to the actual risk. A bank is obliged to have a formal disclosure policy regarding its financial condition and performance. http://www.chordiant.com/solutions/basel2.html   (436 words)      Experian Basel II overview Market disclosure is one of the three pillars of Basel II; therefore, analysts and capital markets will increasingly demand that banks improve risk management practices and provide information to investors and others related to the quality of the banks' assets. According to the results of the third quantitative impact study of Basel II, many banks could experience a reduction in their risk weighted assets, and the capital they must hold, by as much as 40%. Experian-Scorex offers generic bureau scoring models for Probability of Default and Exposure at Default and the development of customized scoring models for Probability of Default, Loss Given Default and Exposure at Default. http://www.experian.com/products/basel_ii_capital_accord.html   (632 words)      IT-Analysis.com - Basel II Compliance: Another Burden For Europe Because the provisions of Basel II are onerous for companies to implement, and especially because questions regarding its applicability to smaller businesses are only just now being resolved, the US authorities have decided to mandate Basel II compliance for only the 20 largest banks at present. Compliance with the framework of Basel II will increase the transparency of financial institutions' operations, enabling shareholders, investors, and analysts to see clearly if a bank is strong enough to absorb possible losses. Although many financial institutions put their plans for complying with Basel II on the back burner while the accord's effective date was in question, the impending ratification of CRD means that compliance strategies have been brought back to the budgeting table - for European companies at least. http://www.it-analysis.com/article.php?articleid=12854&SESSID=6a25024fe4fef8ace9bd9bc317dea313   (1393 words)      Compliance Article With Basel II poised to require additional disclosure and greater transparency under Pillar 3 of the Accord, failures in accountability will soon be more widely reported to the marketplace, while regulators will have more tools at their disposal for enforcement. Lenders will find that Basel II is more sensitive to risk, and will require more capital where risk management is ineffective, or where product/borrower/collateral mix and/or economic conditions introduce recognizably greater default potential or volatility to portfolio performance. Basel Compliance will be achieved through coordination of these fundamental components, with a strong business case, governance and consistent excellence in execution proving to be the keys. http://www.fairisaac.com/NR/exeres/6E18C682-8464-4633-BB04-E51997A0107A,frameless.htm   (1385 words)      US regulators threaten to opt-out of Basel II The Basel II committee is expected to issue a final version of the accord in the fourth quarter of 2003. Ferguson said that Basel II transparency rules are intended to ensure that the accord is applied in the same way in all countries. In testimony before the Senate Banking Committee on June 18th, John Hawke, the comptroller of the currency in the Treasury Department, said that the proposed Basel II Accord is likely to create a level playing field for large US banks with significant international operations by ensuring consistency of capital requirements across borders. http://www.continuitycentral.com/news0334.htm   (733 words)      DataMirror: Basel II Compliance The Basel II Capital Accord is an amended regulatory framework that has been developed by the Bank of International Settlements that requires all internationally active banks, at every tier within the banking group, to adopt similar or consistent risk-management practices for tracking and publicly reporting exposure to operational, credit and market risks. The technological changes brought about by Basel II provide a unique opportunity for financial services organizations to build an enterprise in which all business systems are connected, available and secure. DataMirror's solutions enable businesses to support key Basel II information requirements including availability, delivery and monitoring, allowing them to better manage and reduce their exposure to operational and credit risks, as well as avoid capital charges and other costs resulting from non-compliance. http://www.datamirror.com/solutions/basel   (155 words)      Basel II Basel II The Basel Capital Accord (Basel II) updates the international bank capital accord (Basel I) to improve consistency of capital regulations, make regulatory capital more risk sensitive, and to promote risk-management practices among large international banking organizations. One key concept that each bank must grapple with under Basel II is operational risk. Making this information more secure not only helps banks comply with Basel II, but also helps them lower their operational risk estimates. http://www.liquidmachines.com/compliance/basel.php   (221 words)      Basel II In recent publications, the Basel II Committee has detailed a framework for measuring and controlling balance sheet risks, putting greater emphasis on auditable processes and a more structured and standardised ALM approach (such as earnings-at-risk and value-at-risk methodologies). Investing in risk management IT infrastructure to meet with the Basel II Accord, whilst leveraging this spend to ensure it also addresses shareholder value, has become the central challenge facing financial institutions. Margin analysis helps banks better comply with the Basel II Accord enabling comparisons between customer margins and expected credit losses and loss provision. http://www.misysbanking.com/Solution_Highlights/Basel_II   (989 words)      IBM Debuts 'Basel II' Solution - ebizQ IBM continued: “The Basel II Accords, which are recommendations from the Basel, Switzerland-based Bank for International Settlements' Basel Committee on Banking Supervision, are official guidelines that standardize measurements of credit risks, market risks and operational risk. For instance, Basel II will ask banks, for the first time, to evaluate the default rates of old loans to customers in a particular industry or geographic location. According to a December 11, 2004 report from the UK-based Datamonitor consultancy, titled "Credit Risk Management and Basel II in European Financial Services," European banks will spend an estimated $4 billion on software and services over the next two years to help them comply with Basel II. http://www.ebizq.net/news/3969.html   (968 words)      BindView - Basel II The New Accord, known as Basel II, is intended to foster a strong emphasis on risk management, aiming to reward the adoption and use of best-practice risk management as a means of compliance. The Basel Committee on Banking Supervision announced on 11 May 2004 that it had achieved consensus on the remaining issues regarding proposals for a new international capital standard. Today, the Basel Accord is recognized as an international standard and has been implemented in over 100 countries. http://www.bindview.com/solutions/regulations/baselii.cfm   (381 words)      BASEL II BACKGROUND – The Basel Accord is an international agreement governing the capital adequacy of banks operating internationally. The Committee would coordinate the U.S. position on Basel II and analyze the impact of the accord on U.S. capital markets. Thus, the BIS’s Basel Committee decided to undertake a comprehensive rewrite. http://www.afponline.org/pub/gr/i_basel.html   (365 words)      U.S. Regulators Delay Basel II Requirements - - CFO.com A year and a half ago we examined how Basel II could pare costs for some types of borrowing, and ultimately give companies more flexibility in funding their capital structure. The Basel Committee on Banking Supervision has been working for a number of years to refine the guidelines that govern how much capital banks in its 13 member countries, including the United States, must hold in reserve. The committee implemented its original Basel Capital Accord (Basel I) in 1988. http://www.cfo.com/article.cfm/3956620/c_3956655?f=home_todayinfinance   (279 words)      Basel II: International Convergence of Capital Measurement and Capital Standards: a Revised Framework This report presents the outcome of the Basel Committee on Banking Supervision’s (“the Committee”) work over recent years to secure international convergence on revisions to supervisory regulations governing the capital adequacy of internationally active banks. Following the publication of the Committee’s first round of proposals for revising the capital adequacy framework in June 1999, an extensive consultative process was set in train in all member countries and the proposals were also circulated to supervisory authorities worldwide. Basel II: International Convergence of Capital Measurement and Capital Standards: a Revised Framework http://www.bis.org/publ/bcbs107.htm   (2622 words)      Basel Alert.com Preparing for Pillar II 24 May 2006 - The German regulator published guidelines on the minimum requirements for risk management at the end of last year, partly to integrate the requirements of Pillar II of Basel II into German Law. Smaller banks have lagged behind, but the planned introduction of Basel II next year could provide an incentive for more active management of their loan exposures. Chairman of FDIC says three-year implementation period vital to safeguarding capital under Basel II 23 May 2006 - Martin Gruenberg, chairman of the Federal Deposit Insurance Corporation (FDIC), has said the three-year implementation period for Basel II in the US is vital to preserving capital levels. http://www.baselalert.com   (828 words)      ABA Banking Online / Basel II "The result under the Basel proposal is an uneven playing field--creating an unneccessary 'tax' on banking licenses, and a competitive disadvantage for banks" argues David Spina, CEO State Street Bank. The World Bank and the IMF are charged with enforcing the standards set by the Committee on Payment and Settlement Systems (CPSS), a Basel-based group created by the G-10 central banks. Larger banks, especially those adopting the more advanced methods in Basel II for calculating regulatory capital, will find their loss histories skewed by the Enron spike. http://www.ababj.com/basel.html   (896 words)      Fair Isaac & the Basel II Accord Basel II aims to reward the adoption and use of best-practice risk management as a means of compliance. Lenders that take a more effective approach to assessing risk by improving credit risk management processes for estimating risk exposure – and integrating this knowledge into decision-making processes – are expected to reap the rewards of reduced capital reserves. As the leading worldwide innovator in risk management solutions for retail and small business lending, Fair Isaac is uniquely positioned to help financial services institutions turn Basel II compliance into opportunity. http://www.fairisaac.com/Fairisaac/Solutions/Basel+II   (642 words)      IT-Analysis.com - Doubts grow over Basel II benefits North American Banks, of which only the largest are required to comply with Basel II by their national banking regulator, were more sceptical about the benefits. The 20 UK banks participating in the survey indicated that they were collectively investing £750 million in implementing Basel II - the UK banking industry as a whole is expected to spend at least £2.5 billion. Not surprisingly, the largest banks have invested the most in Basel II compliance, primarily because they have sought to adopt advanced internal rating systems, which demand development of historical data default models. http://www.it-analysis.com/article.php?articleid=12836&SESSID=ca6d9c7d7a4313d2127e23b5e8643f11   (695 words)      Sarbanes-Oxley, Basel II software, Basel 2 software, AS/NZS 4360, AS/NZS 4360:2004, COBIT, COSO, ISO 17799, ISO/IEC ... Basel II The Basel Committee on Banking Supervision is made up of members from 13 countries spread around the world, and has over 30 technical working groups looking at things from Capital Adequacy to Risk Management. While some of the reports are primarily focused on the banking community, there are a number of principles and ideas that are relevant to all of us in the Risk Management industry. To see the latest reports from the Basel Committee visit the BIS (Bank for International Settlements) website. http://www.methodware.com/services/standards.shtml   (1094 words)      Basel II: Revised international capital framework Solely as a matter of convenience to readers, these updated versions incorporate the Basel Committee's 18 July 2005 paper, The application of Basel II to trading activities and the treatment of double default effects. The Basel Committee on Banking Supervision has today issued an updated version of International Convergence of Capital Measurement and Capital Standards: A Revised Framework, commonly known as Basel II, as well as an updated version of the Amendment to the Capital Accord to incorporate market risks. These requirements have been reflected into the appropriate sections of both the Basel II document and the Market Risk Amendment. http://www.bis.org/publ/bcbsca.htm   (192 words)      Why the Basel II Accord Is Worrisome Called the Basel Capital Accord, the regulations were a stabilizing force in the international banking system for more than a decade because they fostered financial cooperation between participating countries. Seven years after the standard was implemented, the Basel Committee on Banking Supervision proposed new regulations to replace the 1988 Accord. Members of G-10 maintained that the financial marketplace had changed dramatically in the past decade, making Basel I capital ratios — a minimum of 8% of capital to risk-weighted assets — an inaccurate measure of a bank's financial condition in the 21st century. http://www.nreionline.com/commentary/washington/real_estate_why_basel_ii   (744 words)      Operational risk management news and information Measuring operational risk management systems under Basel II This paper proposes an approach to evaluating the ‘quality of compliance’ of ORM systems within, and between, firms and is based on the concept of ‘maturity models’. Mr Jaime Caruana, chairman of the Basel Committee on Banking Supervision used the recent Annual General Meeting of the ISDA Barcelona as a platform for providing an update on the progress of Basel II. New chairman of the Basel Committee discusses Basel II Jaime Caruana says that he was more concerned with getting the Basel Accord right than with meeting the committee's self-imposed deadline of end-2003. http://www.continuitycentral.com/basel.htm   (1743 words)      Asia-Pacific_Basel_II He has worked with a number of global and regional banking institutions to develop their Basel II implementation plans and to execute on those plans. After more than five years of consultations around the world, final guidance on the new Basel II regulatory capital accord for banks was issued in June 2004. His areas of focus are in risk management programme management, including of major Basel II programmes. http://www.ey.com/GLOBAL/content.nsf/China_E/Asia-Pacific_Basel_II   (628 words)      Consul - Products - InSight Suite - Compliance Modules - Basel II Recently, regulations like Basel II mean that you must think beyond market and credit risk, to operational risk management. As a risk management officer your primary task is to ensure trust is sustained through a systematic risk management program. For some organizations, other regulations, like Sarbanes-Oxley, only add to the pressure of compliance and mean that audits occur more frequently and information is needed historically and in real-time. http://www.consul.com/Content.asp?id=467   (349 words)      The Banker: Ups & Downs of Basel II As the Basel Committee releases the new Accord rules, Accenture, Mercer Oliver Wyman and SAP provide analysis of a research project on the implementation of Basel II. On September 30 the US bank regulatory agencies announced a revised schedule for the implementation of Basel II, the new capital standards for internationally active banks. Ravi Varadachari explains how banks that plan to comply with Basel II’s advanced approaches can use them for strategic decision making, such as capital allocation for individual lines of business. http://www.thebanker.com/news/categoryfront.php/id/351/Basel_II.html   (450 words)      FinArch Global Solutions for Basel II & IFRS FinArch is pleased to announce that the Commonwealth Bank in Australia has selected FinArch’s Financial Studio Basel II and Regulatory Reporting solution to support future compliance with the APRA’s Basel I and Basel II regulations. A range of qualified and innovating suppliers is available to banks which resort to external risk management and Basel II solutions. FinArch and Infovide are pleased to invite you to a free joint event on “Basel II Opportunities for Banks”, where NIBCapital will speak about their experience of implementing FinArch’s Basel II and Finance Resource Planning (FRP) solution. http://www.finarch.com/html/main.htm   (3827 words)      FRB: Basel II Accord--Speeches Basel II and H.R. Before the Subcommittee on Financial Institutions and Consumer Credit, Committee on Financial Services, U.S. House of Representatives The Basel II Accord and H.R. Before the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology and the Subcommittee on Financial Institutions and Consumer Credit, Committee on Financial Services, U.S. House of Representatives Basel II: A case study in risk management http://www.federalreserve.gov/generalinfo/basel2/speeches.htm   (527 words)      Quadrant Risk Management - Sybase Inc This framework, which replaces the original Basel Capital Accord enacted in 1988, is intended to promote public confidence in the banking system by ensuring that banks properly evaluate the various risks they face. However, a collaboration between Quadrant Risk Management (International) Limited and Sybase, Inc., yielded a Basel II specific solution, B², which can be implemented in as little as three months. Based on the interest B² has generated among banks around the globe and in conversations with prospective customers, Quadrant is confident it is well positioned to become the de facto standard for risk analysis compliance. http://www.sybase.com/detail?id=1033361   (752 words)      Risk Partner is an advisory firm dedicated to the risk management: Basel II capital accord Risk Partner is an advisory firm dedicated to the risk management: Basel II capital accord Basel II treats the capital adequacy with the risk profile of the bank. In January 2001, the Basel Committee made a proposal about a new Basel Accord which will replace the Basel Accord of 1988. Risk Partner is an advisory firm dedicated to the risk management: Basel II capital accord http://www.riskpartner.lu/bale2_ang.html   (290 words)      Basel II - Research and Markets - Market Research Reports The Basel committee addresses operational risk for the first time and demands greater transparency and disclosure of banks that hope to benefit from the Accord''s capital incentives. Credit Risk Management and Basel II in European Financial Services Recent operational risk failures such as the concealed trading losses at Allfirst and Enron''s rogue off balance sheet vehicles have highlighted the dangers of poor risk management. http://www.researchandmarkets.com/reportinfo.asp?report_id=762   (146 words)      CRM Today: PeopleSoft and IBM to Deliver Basel II Solution for the Financial Services Industry The complexities of Basel II compliance create additional pressure for banking organizations to monitor and manage risk, and provide more detailed reporting. "Complying with Basel II can be a daunting task for any company," said Elaine Sullivan, Global General Manager of Financial Markets, IBM. PeopleSoft Inc. announced that it has teamed with IBM to provide an enterprise risk management solution that enables financial services organizations to comply with Basel II requirements. http://www.crm2day.com/news/crm/EpyylAFpFleWzUBFmF.php   (597 words)      Basel II, Eurobanks 0 - - CFO.com For example, U.S. banks that do a lot of securitization will benefit from a reprieve in implementing Basel II, which has strict rules governing off-balance-sheet financing. What's more, they claim the extra time might give U.S. financial institutions an unfair advantage over EU banks, which are sticking with the original date. The delay also raises a host of questions about what will happen at U.S. financial institutions with businesses in Europe — and vice versa. http://www.cfo.com/article.cfm/5600436/c_5627818?f=home_todayinfinance   (409 words)      IBM Helps Banks Tackle Basel II Compliance IBM's Risk and Compliance Basel II offering is currently available and features an entry-level price of $350,000. In an effort to help banks to use existing infrastructure to get a better handle on transactional and data management complexities associated with impending Basel II Capital Accord compliance, IBM on Monday introduced its new Risk and Compliance Basel II Information Management offering. Its recommendations require that by the end of 2006 banks must have at least three years of backdated customer and operational information. http://www.eweek.com/article2/0,1895,1549158,00.asp   (849 words)      The Basel2 Portal: Basel II Information & Risk Management Systems Our service offerings include but are not limited to Basel 2 Consulting Services, Risk Management Consulting Services, Project Management, Business Process Analysis & Optimization, Customer Relationship Management, Data Warehouse Consulting, Information System Design & Implementation and System Performance Tuning. For more information about how Basel2 Consulting Limited (basel2) can help you improve your business' profitability or troubleshoot your painful IT problems, please contact us at:. The Basel2 Portal: Basel II Information & Risk Management Systems http://www.basel2.hk   (266 words)      IBM software targets compliance - Network World Published by the Bank of International Settlements, Basel II is a standard for measuring risk. Respondents plan to spend $2.6 billion this year, or 4.2% of their total IT budgets, on systems for achieving compliance with regulations such as Basel II, the Sarbanes-Oxley Act and the Patriot Act, Datamonitor says. The company's Risk and Compliance Basel II Information Management Offering combines data management and analysis tools to help handle the information banking institutions must collect and report in accordance with Basel II. http://www.networkworld.com/news/2005/041805-ibm-compliance.html?rl   (532 words)

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