BASEL II / III IMPLEMENTATION
Basel II is the second of the Basel Accords, which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision. The purpose of Basel II, which was initially published in June 2004, is to create an international standard that banking regulators can use when creating regulations about how much capital banks need to put aside to guard against the types of financial and operational risks banks face. Basel II sets up rigorous risk and capital management requirements designed to ensure that a bank holds capital reserves appropriate to the risk the bank exposes itself to through its lending and investment practices. More info about the Basel II Accord here.
We had been working with the Canadian federal regulator (OSFI) over the last several years to develop the BI infrastructure to support the new regulatory requirements and to implement the Basel 2 Accord in Canada – one of the first countries in the world.
During the process, we worked extensively with the five major Canadian banks (Banks of Nova Scotia, Bank of Montreal, CIBC, TD Canada Trust, and Royal Bank of Canada) and several other smaller Canadian and foreign financial institutions to support the implementation process on their side. We are equally familiar with regulatory requirements for both the Internal Rating Based (IRB) and Standardized approach, which enable us to add value to any Canadian or international financial institutions' Basel implementation efforts.
We are open to serve you in any country of the world. Give us a call at 905-607-8017.
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