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Basel 2 is a revision of the existing
Basel Accord, which aims to make the
framework more risk sensitive and
representative of modern banks' risk
managment practices.
Basel 2 is currently being prepared
by the Basel Committee on Banking
Supervision and with implementation
expected for 2006. Instead of assessing
risk in general, each commitment will
be analysed individually.
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The Basel 2 Capital Accord has many
financial institutions evaluating
their credit & operational risk
practices and capabilities. Forward-thinking
firms are looking to incorporate the
Basel 2 standards onto their credit
risk management practices to improve
financial performance and competitive
advantage.
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Our service aims to reduce our clients'
credit, market and operational risk,
by focusing on Piller 2 principles.
Specialist consultants identify key
change areas, analyse risk and data
models, assist in areas of derivatives
products, credit application assessment
and anti-money laundering (AML) processes
on both strategic and technical levels.
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services cover all aspects of the Basel
2 risk projects, including: |
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Analysis
of business processes and information
technology. |
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Testing plans,
scripts and data. |
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Documentation
and reporting. |
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