Resources for Basel II Capital Accord (Basel II)

Four Canadian banks opt for FRSGlobal's Basel II reporting system

www.banking-business-review.com

With the implementation date for Basel II in Canada set at November 1, 2007, this year saw crucial work undertaken in developing systems and processes to ensure that banks were prepared to take on Basel Capital Adequacy Reporting (BCAR). The implementation involved reworking and replacement of legacy systems to create the necessary management of data needed to ensure accurate reporting and measurement of risk. In addition FRSGlobal saw a number of changes occurring to the regulation that required adaptation of the systems to match the Office of the Superintendent of Financial Institutions' (OSFI) requirements.

View the Resource

Share or bookmarklet this web page at: