Quadrant announces that South Africaâs ABSA Group chose Quadrantâs Risk Consultancy Division to provide strategic advice and planning in connection with a broad range of risk and compliance related issues. This covered the development of group wide credit policy documents for the ABSA Group including Wholesale and Retail Policies with specific sub-policies relating to individual business lines including Agricultural, Commercial Property, Treasury, Tourism and the Public Sector. Specific analytical modelling development and validation was also provided in connection with the Economic Capital Calculation for Basel II, IAS39 and Sarbanes-Oxley Compliance.
Paul Lockyear, founder of Quadrant and COO says, âWe have worked closely with The ABSA Group for several years in the areas of risk and compliance. We were chosen for our detailed risk policy and practical expertise, particularly in the context of the evolving regulatory environment of Basel II, IAS 39 and Sarbanes-Oxleyâ.
Keiran Foad, Chief Credit Officer â ABSA Bank says âWe appreciate the detailed practical knowledge we gain from working with Quadrant. These projects were completed to our satisfaction, on time and on budgetâ.