| Topic : Process-based compliance management |
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Credit Risk Management |
Compliance Officers |
Institute of Chartered Accountants of India |
9 more ...
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Source : http://www.wipro.in
Activity:
3 comments
512 views
last activity : 03 09 2011 05:38:47 +0000
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The underlying aim of Basel II is to promote safety and soundness in the financial system by allocating capital in organisations to reflect risk more accurately. This can be attained only by the combination of effective bank-level management, market discipline and supervision. Basel II will impact the entire spectrum of banking, including corporate finance, retail banking, asset management, payments and settlements, commercial banking, trading and sales, retail brokerage and agency and custody services.
With acceptance of Basel II worldwide, now there is a need of some IT solution that can help a company to comply with the changes made by Basel II. A lot many companies are coming up with there solutions for the same. Lets see what a compliance solution will do for you.
- A well developed underlying data model, giving the required flexibility to model for a variety of products, enabling the build-up of historical information and managing collateral information.
- A flexible rule-based risk weighting tool handling multiple scenarios.
- A ‘smart’ risk mitigation engine, for optimal utilisation of netting, collateral and guarantee information.
- A transparent system, to trace the derived calculations by means of audit trails and detailed reports, supported by end-user computing tools.
- Capture rating dimensions across each facility and borrower and also adjusted borrower grade based on Guarantees.
- Capture transaction-specific details like Collateral, seniority, product type, purpose and other factors affecting the Loss Given Default (LGD).
- Grade Descriptions and Criteria that are uniform across Lines Of Business and geographies.
These are just a few tasks that a Compliance Solution must be able to do. Rest depends upon your needs and what the company offers in the name of differentiation.
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The underlying aim of Basel II is to promote safety and soundness in the financial system by allocating capital in organisations to reflect risk more accurately. This can be attained only by the combination of effective bank-level management,... |