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Banking Industry Solutions

Banking Industry Solutions

The BASEL Committee is the primary global standard-setter for the prudential regulation of banks and provides a forum for cooperation on banking supervisory matters. Its mandate is to strengthen the regulation, supervision and practices of banks worldwide with the purpose of enhancing financial stability.

“Basel III” is a comprehensive set of reform measures aiming to:

  • Improve the banking sector’s ability to absorb shocks arising from financial and economic stress
  • Improve risk management and governance
  • Strengthen banks’ transparency and disclosures.

Great efforts are made to strengthen the financial sector and make banks and other financial institutions more resilient in the event of unexpected stress. These reforms mainly concentrate on regulatory capital, liquidity and leverage. We do hope that the future crisis will not lead to Governments spending billions of dollars of taxpayer’s money saving the banking system. Large and internationally active banks that comply with these mandatory BASEL norms need to constantly improve their internal risk management systems. They do this by continuous monitoring and effectively exploiting the latest in information technology on an ongoing basis to excel in their performance. Several large financial institutions, including leading North American banks, choose Kumaran Systems as their strategic technology partner to design, develop, and support their critical applications.