Alliance & Leicester, the UK financial services group, has opted for the Sungard Basel II Capital Manager to manage its credit risk management and Basel II compliance. Alliance’s goal is to achieve compliance and accreditation for the Basel II Internal Ratings Based (IRB) approach for capital calculations. Despite continued wrangling over the Basel II legislation, Alliance’s decision reveals how financial institutions are pre-empting the troublesome legislation.
By using the IRB approach Alliance hopes to predict its potential savings when Basel II comes in to effect by using Sungard’s tool for retail credit exposures and analysis of mortgage and unsecured portfolios.
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