Reveleus announced that the Securitisation team at Lloyds TSB has selected the Reveleus Basel II Solution to meet the capital adequacy requirements as prescribed in the Basel II Accord.
Reveleus Basel II Solution’s calculation engine aims to ease the complexity of adopting the Internal Ratings Based Approach for Credit Risk. The solution will integrate multi-jurisdictional data from the Securitisation team and apply capital adequacy calculations which will roll up into Lloyds TSB’s corporate Basel II framework. The Reveleus Basel II solution will also support the requirements of complete supervisory reporting and disclosure.
“We chose Reveleus because they demonstrated a thorough understanding of the capital adequacy calculations needed for complex securitized products which we offer our clients,” said Mark Escott, director, head of Securitisation. “They also met our requirement of a company which shares in our commitment to meet the disciplined standards set by the Basel II accord and the FSA.”
S. Ramakrishnan – CEO of Reveleus, said, “We are thrilled to have the opportunity to enhance our current relationship with Lloyds TSB and assist them to meet the challenges of Basel II. Lloyds TSB’s selection of the Reveleus Basel II solution is indicative of the deep functionality needed in the specialized Securitisation business and our capability to grow with the evolving risk management practices.”