Basel II-Pillar III Solutions
The Banking and Financial Services industry has undergone significant transformation in various critical business processes like risk management practices, supervisory approaches, and capital requirement assessments. Since the introduction of Basel II Accord, Consolidation, Advanced Risk Management techniques, Data Management and Reporting models have evolved as a major concern.
Pillar III of Basel II Accord complements the minimum capital requirements (Pillar I) and the supervisory review process (Pillar II). It features Market Discipline that requires banks to disclose essential information regarding their capital allocation and the risks they take beyond current financial reporting guidelines.
Pillar III encourages banks to develop urbane proficiencies in analyzing risk, aligning regulatory requirements more closely with internal methodologies and improving operations in general. This involves developing a set of disclosure requirements allowing market participants to assess key information on the scope of applications, capital, risk exposures, risk assessment processes, and capital adequacy of the institution
Hexaware offers an integrated solution that encompasses a single technology framework, a common middle layer and a common presentation layer. Our Pillar III solution addresses disclosure requirements that meet regulatory expectations based on qualitative and quantitative approaches. We aggregate the risk system with well-informed and integrated data management and reporting models. We offer Technology Consulting, Development and implementation and Support for Basel II.
Vast knowledge and experience in designing solutions to address credit, market and operational risk, securitization and record keeping.
Rich experience in building solutions that are in compliance with accounting principles and use advanced IRB assessment approaches.