Quadrant launches new Basel II initiative
14 May 2007 | 1670 views | 0
Quadrant has today announced an innovative initiative to enable Financial Service Providers to achieve Basel II compliancy using either the Standardised Approach or Advanced Approaches.
"Basel II - Try it, Prove it, Install it" is a unique facility where Financial Service Providers can load their credit, market and operational risk data into Quadrants' risk data warehouse, produce the Basel II compliance reports and check the results. They can then proceed quickly to a full implementation using either the Basel II Standardised Approach or Advanced Approaches for a Line of Business or across the enterprise.
"Basel II - Try it, Prove it, Install it" uses Quadrants' B2, Basel II Advanced Approach, and SAB2, Basel II Standardised Approach solutions. It includes all the data loading utilities, data models, capital calculators and reporting to perform Basel II reporting for a limited number of asset classes of your choice. It is available on an HP Integrity NonStop NS1000 platform at HPs' Wood Street Office, in the City of London.
"We are excited to be working closely with HP", says Paul Lockyear, COO of Quadrant. "Together we can deliver advanced risk management and Basel II compliant reporting solutions to Financial Service Providers around the world".