In a conversation with Bosch Software Innovations, Dr. Michael Buttler, risk management specialist, explains the impact of Basel III on risk management and IT in the banking industry.
In his opinion, a software solution can represent an economic advantage if it allows the business people to directly maintain and enhance the rating system. That also significantly reduces the major cost elements caused by consultation between the business people and IT, and by the subsequent implementation of changes. Comprehensive and consistent documentation should not be overlooked either since it can ensure the required auditability. This increases the speed of the financial institution in adapting to new market conditions and enhances its competitive position.
http://www.bosch-si.com/basel-iii-credit-risk-expert.html
http://www.buttler-consulting.com
Link to this comment:
All Comments (0)