ABN AMRO N.V. selected GL TRADE to calculate its Basel II regulatory credit risk requirements.
The solution will be used by all ABN AMRO’s business units. The software will allow calculations to support regulatory reporting for the group in the Netherlands and in more than ten other countries (including the United States, Brazil, Germany, the United Kingdom and France).
In addition to the credit risk calculation requirement module for generating the bank’s risk weighted asset calculation, additional functional modules included in the package are stress testing, back-testing and large exposure disclosure.
ABN AMRO will implement the solution with support from GL TRADE and a consulting company over the year 2005 to be effective in the beginning of 2006. The system will be rolled out to approximately five business unit hubs.