FRSGlobal, a provider of risk and regulatory compliance tools with coverage for over 30 countries, has released a validation and audit platform for the advanced approach to Basel II.
FRSGlobal has taken the Federal Financial Institutions Examination Council (FFIEC) 101 templates and mapped them to their data integration platform to provide an automated advanced approach to Basel II reporting application.
“Banks looking to implement an advanced approach to Basel II solution that meets the requirements of the FFIEC now have an automated solution based on proven technology,” says Richard Ferrari, vice president, FRSGlobal, Americas. “The FRSGlobal reporting solution is currently being used by over 1,500 financial organizations around the world.”
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