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WITH THE RECENT SPATE OF NPAS IN INDIAN BANKS SHAKING THE ECONOMY IN WAYS THAT WE NEVER IMAGINED, THE IMPORTANCE OF A ROBUST REGULATORY FRAMEWORK FOR BANK CAPITAL ADEQUACY, STRESS TESTING, AND MARKET LIQUIDITY RISK HAS BEEN RENEWED LIKE NEVER BEFORE
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How Jignesh Shah's vision of Risk solutions are helping Banks implement Basel II/ Basel III Seamlessly
WITH THE RECENT SPATE OF NPAS IN INDIAN BANKS SHAKING THE ECONOMY IN WAYS THAT WE NEVER IMAGINED, THE IMPORTANCE OF A ROBUST REGULATORY FRAMEWORK FOR BANK CAPITAL ADEQUACY, STRESS TESTING, AND MARKET LIQUIDITY RISK HAS BEEN RENEWED LIKE NEVER BEFORE. JIGNESH SHAH, A MAN WHO WAS AHEAD OF HIS TIME TOOK THE OPPORTUNITY TO NEUTRALISE THE THREATS IN THE BANKING AND REGULATORY SYSTEM IN TERMS OF COMPLIANCE AND RISK REPORTING BY USHERING RISK SOLUTIONS. THE RISK SOLUTION DIVISION OF 63 MOONS CONSISTS OF HIGHLY SECURE SOFTWARE APPLICATIONS WHICH ARE CATEGORICALLY DESIGNED AS RISK MANAGEMENT SYSTEMS TO THE BANKING FINANCIAL SERVICES AND INSURANCE (BFSI) SECTOR IN THE AREA OF INFORMATION MANAGEMENT AND REGULATORY CAPITAL COMPUTATION FOR ALL TYPES OF RISKS AND COMPLIANCE REPORTING. Source: How Jignesh Shah's vision of Risk solutions are helping Banks implement Basel II/ Basel III Seamlessly
WITH THE DEFICIENCIES IN FINANCIAL REGULATION REVEALED BY THE FINANCIAL CRISIS OF 2007–08, THE BASEL STANDARDS WERE DEVELOPED WITH THE INTENTION OF STRENGTHENING BANK CAPITAL REQUIREMENTS BY INCREASING BANK LIQUIDITY AND DECREASING BANK LEVERAGE. TODAY BANKS ARE LOOKING FOR AN INTEGRATED BASEL II / BASEL III SOLUTION THAT DIRECTLY INTERFACES WITH TRANSACTIONAL DATABASES AND GENERATES BASEL II REGULATORY AND MIS REPORTS SEAMLESSLY. Source: How Jignesh Shah's vision of Risk solutions are helping Banks implement Basel II/ Basel III Seamlessly
THE CHALLENGE THAT A BANK FACES IN IMPLEMENTING A BASEL II AND BASEL III SOLUTION IS DATA. THE CREDIT DATA MAY BE AVAILABLE IN THE CORE BANKING SYSTEM (CBS), TREASURY DATA MAY BE AVAILABLE IN THE TREASURY SYSTEM AND THE DATA ON COLLATERAL MAY AGAIN BE ON ANOTHER SYSTEM. BUT CALCULATION OF REGULATORY CAPITAL REQUIRES INTEGRATION OF ALL THE DATA TO GENERATE VARIOUS REGULATORY AND MIS REPORTS FOR REGULATORY AUTHORITIES AND FOR MANAGEMENT. LUCKILY FOR BANKS, JIGNESH SHAH ANTICIPATED THESE NEEDS AS WELL AS THE CHALLENGES ASSOCIATED WITH THEM. HE DEVELOPED AN ENTIRE SUITE OF PRODUCTS SPECIFICALLY FOR INFORMATION MANAGEMENT, REGULATORY CAPITAL COMPUTATION FOR ALL TYPES OF RISKS AND COMPLIANCE REPORTING. Source: How Jignesh Shah's vision of Risk solutions are helping Banks implement Basel II/ Basel III Seamlessly