Getting Value from Basel II - New Research on Credit Risk Management Systems from Chartis Research
New research by Chartis reveals that the banking industry is has switched its attention to getting a return on its investments in credit risk technology.
(PRWEB) June 25, 2007 -- New research by Chartis (www.chartis-research.com) reveals that the banking industry is has switched its attention to getting a return on its investments in credit risk technology. Chartis sees a segmentation in the market. On the one hand, established sectors such as tier 1 and tier 2 banks in EU and North America are leveraging their investment in risk technology to produce integrated risk and finance capabilities covering such areas as economic capital, ALM and risk-based performance management. On the other hand, emerging regions such as Asia, Middle-East, African, Eastern Europe and Latin America are using the lessons learnt from the EU and North American banks to implement efficient and "future-proof" credit risk management systems. Chartis comments that the key lessons from the long, expensive and tactical Basel II projects of the last few years are:
| | - Look beyond Basel II to define data requirements
- Avoid having a piecemeal approach to regulatory reporting
- Define the final architecture on an integrated set of business requirements
- Define key metrics upfront
- Consider the most complex asset classes in detail
- Consider a step-by-step approach
- Don't underestimate the data integration, stress testing and model validation steps
- And choose vendors with deep domain knowledge and experience
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With regards to the vendors for credit risk technology Chartis considers Algorithmics, Fermat, FinArch, Reveleus, SAS and SunGard (alphabetical order) to be the established leaders.
About Chartis Research - www.chartis-research.com
Chartis Research is the leading provider of research and analysis on the global market for risk technology. Our goal is to support enterprises as they drive business performance through better risk management, corporate governance and compliance. Chartis analyses the systems, products, vendors, applications and trends in the risk technology marketplace. This analysis is published in our flagship industry reports, white papers and research articles. Areas of focus include:
| | - Credit Risk Management Systems
- Operational Risk Management Systems
- Fraud Management Systems
- Enterprise Risk and Compliance Management Systems
- Corporate Governance and Risk Management Methodologies and Best Practices
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Contact
For more information, contact:
Helen Townsley, Director of Research
h.townsley @ chartis-research.com
Chartis Research (Europe)
The City Arc
Curtain Court
7 Curtain Road
London, EC2A 3LT
United Kingdom
Phone + 44 (0) 20 7830 9661
Fax: +44 (0) 20 7439 0262
Chartis Research (US)
44 Wall Street
12th Floor
New York, NY 10005
Phone: +1 212-461-7127
Fax: +1 212-461-2223
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