Basel-II News

HSBC To Implement BASEL II MODELS With Support Experian-Scorex

(October 02, 2006)—HSBC has signed a global contract with Experian-Scorex for its decision support solution to achieve compliance with the New Capital Accord (Basel II). Experian-Scorex, the specialist decision support business of Experian, will deliver its Strategy Management business rules engine technology enabling HSBC to deploy a series of Basel II models within its global operations.

George Lennox, Senior Manager, at HSBC said “ We could use Basel II within our business to further strengthen our risk management procedures and improve their consistency across our global operations. Strategy Management is a true ‘business users’ tool that will easily allow us to deploy our suite of eleven Basel II scorecards and will also allow our business to react to change.”

Roger Aubrook, President of Experian-Scorex, added: “Strategy Management is already used by over 600 major financial organisations worldwide and is a tried and tested business rules engine that will fully support the implementation of HSBC’s Basel II models. As a global organisation ourselves, with clients in over 60 countries and more than 30 offices worldwide, we are well placed to assist HSBC with its
challenges now and in the future.”

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