Alliance & Leicester chooses WhiteLight for Basel II compliance

British banking group Alliance & Leicester has contracted with WhiteLight, a division of California-based SymphonyRPM, for the supply of a retail credit risk management system in order to comply with the forthcoming Basel II regulations.

  0 Be the first to comment

Alliance & Leicester chooses WhiteLight for Basel II compliance

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

Under the contract WhiteLight will implement its Basel II retail credit risk model for regulatory capital calculations. The vendor will also develop additional modules that generate PD/LGD/EAD factors, support segmentation and calculate provisions.

The solution is based on the vendor's AnalyticServer platform, which is used to model complex financial instruments and portfolios and to perform advanced analysis and stress-testing.

WhiteLight says Alliance & Leicester will be able to self-support the solution and amend models in line with the latest Basel requirements.

Implementation is underway and due to be completed in three months.

Sponsored [New Impact Study] Case Management: The Key to Revolutionising Cross-Border Payments

Comments: (0)

[New Impact Study] How can Businesses Bridge the Gaps in their Cashflow?Finextra Promoted[New Impact Study] How can Businesses Bridge the Gaps in their Cashflow?