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Chartis publishes report on technology solutions for Basel 3

 

11 September 2013

Chartis, the leading provider of research and analysis on the global market for risk technology, has issued a new report on the Basel 3 technology solutions.

Basel 3 requires financial institutions to perform more calculations and submit more data to regulators than ever before, while coming under greater pressure to increase their capital, liquid assets, and collateral.  The regulatory workload threatens to consume an ever-greater proportion of resources and prevent functions such as risk and finance from pursuing business goals.

The success and reliability of any Basel 3 strategy will require robust technology solutions.  Investment in technology now will also pay dividends in the long-term by freeing risk and compliance personnel from regulatory duties, allowing them to focus on business goals. Additionally, investment in Basel 3 technology solutions can provide ancillary capabilities that support business goals, such as in the area of capital management.

The report provides in-depth coverage of the market for Basel 3 technology solutions.  It covers the technologies required for Basel 3 compliance and adaptation, including data models, flexible and real-time analytics, capital calculation engines, and technology support for risk and finance integration, liquidity risk, and counterparty credit risk.

“The report highlights the necessity of implementing Basel 3 technology solutions that support business goals as well as compliance,” comments Peyman Mestchian, Managing Partner at Chartis. “The report also shows how the multi-faceted nature of the regulations means that firms will need technology solutions that can cover capital, liquidity, and stress testing. The need for increased integration between different functions, including risk and finance, and liquidity and collateral management is also highlighted.”

The report uses Chartis’s RiskTech Quadrant™ to explain the structure of the market and the vendor landscape. The RiskTech Quadrant™ uses a comprehensive methodology of in-depth independent research and a clear scoring system to explain which technology solutions meet an organization’s needs.

A free executive summary of the report can be downloaded at http://chartis-research.com/research/reports/basel-3-technology-solutions-2013

About Chartis Research

Chartis is recognized internationally as the leading research and advisory firm focused exclusively on the risk technology market. For more information, visit http://www.chartis-research.com

RiskTech Quadrant™ is a registered trademark of Chartis Research Limited.

Chartis Research is authorized and regulated by the Financial Conduct Authority (FCA) for providing investment advice.

Media Contact:

Helen Townsley
Director – Market Development
[email protected]
UK +44 (0) 2083875401