Resources for Basel II Capital Accord (Basel II)

Bahrain's TAIB Bank to use Reveleus Basel II

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Bahrain's TAIB Bank yesterday said Mumbai-based banking software maker, majority owned by global software major Orcale Corporation, I-Flex Solutions would implement Reveleus Basel II Solution to compute regulatory capital and Reveleus Asset Liability Management Solutions to manage liquidity and interest rate risks at the bank's headquarters in Manama.

TAIB Bank will use the Reveleus Basel II solution to compute regulatory capital and the ALM solution to manage liquidity and interest rate risks. The President and COO, TAIB Bank, Mohammad Saleh said: "In today's ever evolving technology driven world, it is of paramount importance that the financial institutions follow a strict regime of compliance with regulatory requirements, and Reveleus would help us in achieving it." TAIB was among the first private banks in the region to provide investment banking and wealth management solutions to high-net-worth individuals and institutional investors.

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