Donna Ferretti Tihalas, Bank of Americaâs Basel II program manager, said, âEarly on, Bank of America determined that its strategy for Basel II implementation would look to leverage best-in-class risk, finance and technology infrastructure and processes. We selected SunGard for its track record of successfully executing implementations, its experience in installing Basel II solutions, and its in-depth knowledge of the regulatory framework. We were also impressed with the solution benefits that Capital Manager provides-- flexibility, adaptability and ease of use."
Terence Faherty, president of SunGardâs BancWare business unit, said, "In the highly integrated and competitive US banking industry, SunGard can help firms of all sizes to accurately meet the capital measurement challenge both from a Basel II and an economic capital basis. BancWare Capital Manager will help Bank of America to ensure that it is holding capital commensurate with assumed risk, and that operational processes and procedures create an environment of consistent, accurate and timely risk identification and measurement. Proper pricing relative to risk capital will help banks secure profitability and longevity."