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Home >Basel II > Basel Software >
Implementing a risk strategy for Basel II and Sarbanes Oxley can be a complicated business. Important elements Basel II Software solutions should bring include,
- the elimination of independent data silos and identify risk related activities globally, rather than by country, product, subsidiary etc.
- aggregate and consolidate all credit risk and operational risk data globally - consolidate counter-parties and credit risk portfolios
- have the potential to handle a huge amount of data e.g. implement a risk data warehouse using products such as IBM DB2 or Oracle Database, and report using Business Intelligence systems such as Cognos or Business Objects, and calculate using statistical engines provided by manufacturers such as Analytics to provide Probability of Default, Loss Given Default and Exposure at Default along with other risk measures such as VAR
- provide a robust, repeatable and automated process
- consistently apply commonly agreed Risk Management and Control Principles aligned to Basel II across the whole firm
- develop and distribute key risk calculations and indicators using Basel II Software
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