US bank Wachovia is implementing risk management technology from i-flex subsidiary Reveleus to comply with the forthcoming Basel II capital regulations.
The Reveleus Basel II Solution will provide the bank with a complete set of rules, computations, business definitions and underlying data structures to help the bank achieve compliance with the Advanced Internal Ratings-based approach of the Basel II Accord.
Pete Carlson, SVP, director external reporting, Wachovia, says: "We chose Reveleus for the completeness and flexibility of the Reveleus Basel II Solution and its ability to meet our current and future requirements."