Reveleus, a business of i-flex solutions and a global provider of business intelligence and analytics solutions for the financial services industry, today announced Reveleus Basel II, a framework that provides banks with a complete and flexible set of analytics and metrics that enable compliance with Basel II risk management requirements as specified by the Bank for International Settlements (BIS). The new framework offers banks the tools to manage enterprise-wide risk, accurately allocate capital, and avoid regulatory penalties associated with non-compliance with Basel II, which is scheduled to take effect in 2006.
Reveleus Basel II complies with the requirements for market risk and credit risk under standardized, foundation & advanced Internal ratings-based approaches, and offers a framework to help banks measure capital requirements for operational risk under the Basic Indicator, Standardized and advanced measurement approaches. Built on Reveleus Unified Metadata, the framework is designed to allow quick, seamless, transparent implementation of new specifications as Basel II evolves. Its extensible framework, will allow banks to comply with all three pillars required by the Basel II Accord, which include capital adequacy compliance, supervision and disclosure.
Basel II regulations require banks to guarantee data integrity in order to effectively address all risk dimensions credit, market and operational and provide an accurate calculation of exposure and required capital coverage. The Reveleus solution leverages Reveleus Unified Metadata To drive all analytics through one common set of definitions, thus ensuring data consistency, accuracy and transparency in meeting Basel II requirements.
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