Implementation Approach for the Basel II Standardised Approaches. It provides a Plan B for financial institutions with stretched internal compliance resources or those who are less than certain of their regulator’s response to their IRB plans.
London, UK, 5 September 2007: Quadrant today announced that it is offering a Rapid Implementation Approach for the Basel II Standardised Approaches with SAB2, their proven Basel II capital adequacy calculation and reporting solution.
This approach will enable financial institutions to achieve a rapid implementation of the Standardised Approaches in time for the Basel II deadline of 1 January 2008 in the EU and many other countries.
Paul Lockyear, COO of Quadrant says, “The Basel II implementation date is approaching fast and some financial institutions need to focus resources more effectivelyâ€. He continues “It is now too late to panic; what is needed is an achievable Plan Bâ€.
Paul Ashton, Director and Head of Consultancy at Quadrant, says “We have developed the SAB2 Rapid Implementation Approach for exactly these circumstances. Our SAB2 Standardised Approaches solution is available off-the–shelf, together with all the necessary data mapping and reporting tools. We can facilitate a rapid and successful implementation of the Basel II Standardised Approaches in time for the Basel II deadline. Investment protection is built in, as the implementation is the basis for progressing to an IRB implementation in the future, if that is the ultimate goalâ€.
