Bureau Van Dijk And Fitch Ratings Create Basel II Compliance Tool

FACT CRS, a tool designed to analyse and manage credit risk, has been developed by Bureau van Dijk Electronic Publishing (BvDEP) and Fitch Risk. BvDEP says its clients recognised how their solutions could help them with Basel II compliance. BvDEP

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FACT-CRS, a tool designed to analyse and manage credit risk, has been developed by Bureau van Dijk Electronic Publishing (BvDEP) and Fitch Risk.

BvDEP says its clients recognised how their solutions could help them with Basel II compliance. BvDEP developed this concept further and FACT-CRS now exists as a product that incorporates models from Fitch Ratings, financial data from BvDEP’s product range with software that automates credit procedures, scoring and modelling whilst offering flexibility in its parameters andexecution.

“Basel II is currently an issue for every financial institution,” says Claude-Vincent Gillard, head of BvDEP’s customised solutions. “Our knowledge of customers’ needs has helped us create and develop FACT-CRS. It goes a long way to solve the implementation of a structured credit procedure, and it’s easy to build models, audit and administrate. Customers can also get instant overviews of their credit risk and exposure.”

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