Resources for Basel II Capital Accord (Basel II)

Basel II in South Africa: Measurement of Credit Risk at Rand Merchant Bank

www.pressebox.de

Rand Merchant Bank ("RMB") is a division of FirstRand Bank Limited and one of the "big four" banks in South Africa. To meet the Basel II standards, RMB uses Visual Rules' Business Rules Management System from Innovations Softwaretechnologie (Germany) as a platform to house its credit rating models. Visual Rules facilitates the integration of these rating models in any application or workflow - a prerequisite for up-to-date risk management in conformity with Basel II.

RMB's head of wholesale credit ratings and portfolio analytics, Rautie Nel, considers his company to be very well positioned in this regard and describes RMB's rating system as a hybrid system which makes use of statistical models while incorporating a qualitative overlay into the final credit risk metric.

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