Quadrant Risk Management announced Thursday that the first two implementations of its “SAB2” Basel II compliance application are under way.
The implementations are taking place in the UK and in Africa the company says.
SAB2 is Quadrant’s solution to Basel II compliance requirements under the Standardized Approaches to Credit and Operational Risk.
SAB2 incorporates several national discretionary options under Basel II in addition to standard interface files and data mapping templates.
The solution can also advise and assist with ETL if the client institution requires it, Quadrant says.