Heading number one

The release of Basel II, The New Basel Capital Accord, has firmly placed Operational Risk Management (ORM) on the agenda’s of banks worldwide. Early in 1998 our company began to research Operational Risk with two questions in mind: 1. Could we build software to support ORM? and 2. Should we build software to support ORM? i.e. would anybody buy the software. After the research we concluded that the answer was YES we could and YES we should. With over 30 institutions across Europe now using the ORCAS system, our conclusion has proven correct.

Heading number two

However, as quoted in the Financial Times Lex Column on Basel II, the methods proposed for measuring Operational Risk are crude, controversial and almost certainly wrong. But they will drive banks to change their business mix and their practices in order to reduce their capital charge. A software solution to support Operational Risk is now no longer a nice to have, it is a requirement, and the choice for banks is to build one or buy one. Either way the time to start is now! More.However, as quoted in the Financial Times Lex Column on Basel II, the methods proposed for measuring Operational Risk are crude, controversial and almost certainly wrong. But they will drive banks to change their business mix and their practices in order to reduce their capital charge. A software solution to support Operational Risk is now no longer a nice to have, it is a requirement, and the choice for banks is to build one or buy one. Either way the time to start is now! More.However, as quoted in the Financial Times Lex Column on Basel II, the methods proposed for measuring Operational Risk are crude, controversial and almost certainly wrong. But they will drive banks to change their business mix and their practices in order to reduce their capital charge. A software solution to support Operational Risk is now no longer a nice to have, it is a requirement, and the choice for banks is to build one or buy one. Either way the time to start is now! More.However, as quoted in the Financial Times Lex Column on Basel II, the methods proposed for measuring Operational Risk are crude, controversial and almost certainly wrong. But they will drive banks to change their business mix and their practices in order to reduce their capital charge. A software solution to support Operational Risk is now no longer a nice to have, it is a requirement, and the choice for banks is to build one or buy one. Either way the time to start is now! More.However, as quoted in the Financial Times Lex Column on Basel II, the methods proposed for measuring Operational Risk are crude, controversial and almost certainly wrong. But they will drive banks to change their business mix and their practices in order to reduce their capital charge. A software solution to support Operational Risk is now no longer a nice to have, it is a requirement, and the choice for banks is to build one or buy one. Either way the time to start is now! More.

Heading number three

Heading number four
The New Basel Capital Accord More than a decade has passed since the Basel Committee on Banking Supervision (the Committee) introduced its 1988 Capital Accord (the Accord). The business of banking, risk management practices, supervisory approaches, and financial markets each have undergone significant transformation since then. For more information visit the BIS web site.

Diagram