White Papers for Basel II Capital Accord (Basel II)

Best Practice Risk Management and Basel II Compliance

HP

In many environments, addressing Basel II requires a culture
change in terms of the way banks manage risk. It is about
risk management and economic capital becoming the
drivers of the business.
For projects that require change across many parts of the
organization, success requires buy-in at the highest level.
And that buy-in must be communicated down through all
levels of the business. It is essential that the sponsor is
sufficiently empowered to make the solution work across
all organizational divisions.
This sponsor should ensure that the best people are allocated
to this critical project. Implementation of a Basel II
solution requires people with experience, knowledge and
specific skill sets rather than rank. It is also essential that
these people are available throughout, from implementation
through testing and on to deployment.
Data analysts at the bank who understand the Accord
should be involved in the project from the start, taking
time to understand the models and loading the data.
Where necessary, ensure that your outside vendor’s staff
are sufficiently integrated into the project team to ensure
transfer of knowledge to your organization

View the White Paper

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