Basel-II News

It gives us greatest pleasure to announce that RegCap (Formerly Bankology) achieved another major milestone and signed its second contract with Bank Al Habib with in the 1^st year of its operations in Pakistan. RegCap would be responsible to identify gaps from risk management structure, data, policy, business processes, assessment methodology and systems perspective for Basel II Pillar I (Credit, Market, Operational) & Pillar II (ICAAP, IRRBB, Liquidity, Strategic, Reputation, Legal, Concentration) risks in accordance to SBP guidelines keeping BIS document in view and recommending international Best Practices. RegCap would also perform the Project Management and prepare a Basel II Roadmap for Bank Al Habib with a Master Plan to suggest the options for closing the gaps in the current framework.

RegCap will perform a detailed GAP Analysis to fulfil the SBP regulatory & compliance requirements and advising the Risk Management function of the bank for effective risk management. RegCap will also assess the readiness of the bank in adopting the Credit Risk Internal Ratings Based (FIRB & AIRB) Approach, Market Risk Internal Models Approach and Operational Risk Standardised Approach of Basel II accord together covering ICAAP and all material risks, Capital Charge Calculation and Stress Testing framework. RegCap has been chosen to undertake the project over major consulting companies. RegCap’s corporate office and regional office will support to deliver the project and will send expert international resources.

State Bank of Pakistan (SBP) has been very proactive in encouraging the banking industry of Pakistan to fully adopt the Basel II accord. SBP has taken initiatives for the implementation of Basel II in Pakistan and also issued circulars for developing Internal rating System, presenting a report and designing the Governance and Process structure for ICAAP by 30^th April 2009 for effective risk management with in the FSI.

Another win after successfully preparing Basel II Strategy & Roadmap for Arif Habib bank shows our commitment, trust & expertise acquired in international long-term Basel II implementations with a vision to change the way the world sees Basel compliance!

RegCap will continue contributing its Basel II expertise in terms of education, consultancy & software solutions to the whole Pakistani banking industry both individually and initiating maximum collaboration & joint efforts.

With Kind Regards,

Farhan Ashfaq Vice President Asia Pacific

RegCap (Formerly Bankology)Level 9, 91 York Street Sydney NSW 2000 Australia

Tel:          +61 1 300 55-77-60 Cell:         +92 345 4739744
Cell (AU): +61 431 405786Farhan@RegCap.com 

Visit our homepage www.regcap.com and read more about our products and services

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