23 August 2017
Find out more

Ireland's EBS Building Society selects Misys Almonde for Basel II

09 July 2007  |  4504 views  |  0 Misys

Ireland's EBS Building Society has implemented risk management technology from Misys in order to comply with the requirements of the Basel II Capital Accord regulations.

EBS, which is Ireland's largest building society, has gone live with the vendor's compliance and performance management product, Misys Almonde.

Misys says the technology will enable EBS to accurately measure and manage risk in its lending portfolios, which is a Basel II requirement.

"EBS will also benefit from the 'value add' features of Misys Almonde, with the 'scenarios' functionality in particular helping us to explore hidden risks and opportunities," says John Fitzgerald, Basel II programme manager at EBS.

Fitzgerald says the bank is running Misys Almonde in parallel with its existing regulatory reporting infrastructure.

Commenting on the implementation, Trevor Holford, Misys Almonde product manager at Misys, says: "We have worked closely with EBS to provide it with an integrated 'Basel II in a box' solution, which smoothly interfaces with its existing systems, delivering it hassle-free Basel II compliance in the most cost-effective manner."

The product combines risk-weighted asset (RWA) and credit risk mitigation (CRM) calculations with structured processes, audit trails, data modelling, data storage, stress and back testing, regulatory/ management reporting and analysis tools, says the vendor.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Misys says recovery on track

Misys says recovery on track

20 June 2007  |  4933 views  |  0 comments
Misys sells Sesame unit to Friends Provident; names Jim Malone CFO

Misys sells Sesame unit to Friends Provident; names Jim Malone CFO

15 May 2007  |  4604 views  |  0 comments
Temenos targets Misys' Midas customers with T24 Model Bank

Temenos targets Misys' Midas customers with T24 Model Bank

27 March 2007  |  8510 views  |  0 comments
Guy Warren to lead Misys' core banking division

Guy Warren to lead Misys' core banking division

18 January 2007  |  9784 views  |  0 comments
Misys appoints Mike Lawrie group chief executive

Misys appoints Mike Lawrie group chief executive

16 October 2006  |  14882 views  |  0 comments
Iceland's Glitnir Bank selects Misys Almonde for Basel II

Iceland's Glitnir Bank selects Misys Almonde for Basel II

10 July 2006  |  6587 views  |  0 comments
EBS Building Society selects Fineos for CRM and business automation

EBS Building Society selects Fineos for CRM and business automation

23 January 2003  |  2866 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.vasco.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
12694 views comments | 27 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
11308 views comments | 22 tweets | 34 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
10440 views comments | 21 tweets | 34 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
10424 views comments | 10 tweets | 8 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10411 views 0 | 6 tweets | 1 linkedin

Featured job

Find your next job