FinArch Incorporates Basel III Support
Support for Basel III compliance has been added to FinArch's finance, risk and performance measurement platform, Financial Studio.
According to FinArch, Financial Studio Basel III allows banks that already have some elements of Basel III functionality to add Financial Studio Basel III components, such as the capital calculator, credit value adjustment engine, or liquidity risk calculators.
Financial Studio Basel III is a scalable solution, which can be integrated with other Financial Studio solutions to support asset and liability management (ALM), economic capital, accounting, compliance with the Dodd-Frank Act, IFRS, IFRS9, and product control functions.
"Banks are facing a flood of regulations that they need to comply with, starting with liquidity risk requirements," says Nigel Lee, chief commercial officer at FinArch.
"The complexity of the standards, and the amount of the required capital buffer, causes the entire banking world major concerns. In addition, the calculations and the reporting of the requirements impose strong technological issues to the banks," he says.
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