Our Basel III solution allows calculation of risk and regulatory metrics, based on a single integrated set of data and using underlying state-of-the-art calculators, enabling firms to manage risk and adhere to supervisory requirements in an integrated manner.
Basel III demands that banks have global transparency of their risk across the enterprise; they must be able to understand and articulate their appetite for it, demonstrate control of it and regularly report on it, to the regulators and the business.
Although unarguably complex, especially for those operating in multiple territories, becoming Basel III compliant is a unique opportunity – to gain a new level of mission-critical insight, and to put risk and reporting at the very core of business strategy, where it undoubtedly will serve the business better.
The changes are far reaching, and include:
Our Basel III solution has been designed to address these issues. It is based on a modular, integrated data architecture that uniquely describes each obligation and transaction that the firm has entered into. Using this information, the solution builds up the required information according to the prevailing regulatory rules to correctly populate the required returns, reports and templates.
In addition, because the data is captured in detail, we can apply our advanced risk engine to the data, creating industry stress and scenario testing and reporting to the standard needed to meet the highest regulatory requirements.
Wolters Kluwer Financial Services provides a Basel III solution leveraging our experience and expertise. The solution allows calculation of risk and regulatory metrics, based on a single integrated set of data and using underlying state-of-the-art calculators, enabling firms to manage risk and adhere to supervisory requirements in an integrated manner.