Taiwan-based Bank of Overseas Chinese (BOOC) is implementing technology from Misys Banking Systems to comply with the Basel II Capital Accord regulations.
Misys says the scalable framework can interface with third party modules and will enable the bank to cover Basel II and future compliance requirements such as IAS - in addition to other regulatory reporting set out by the Bank of Taiwan.
The system delivers Basel II analytics - credit risk, operational risk, market risk, and ALM balance sheet risk) - along with advanced analysis, a Basel II data warehouse and Basel II reporting.
Michel van Leeuwen, risk management CEO, Misys Banking Systems, says: "This partnership represents a major step into this very important market."
The implementation is scheduled to begin immediately.