 "FlexFinance Operational Risk")
Mitigate operational risk, calculate capital and fulfil regulatory requirements
FlexFinance Operational Risk supports the calculation of capital requirements for operational risk under any of the approaches specified in the Basel Accord, i.e. the basic indicator approach, the standardised approach and the advanced measurement approach. In addition to taking in data from a loss database for the advanced measurement approach, FlexFinance Operational Risk also enables a bank to capture the basic parameters required for the simpler approaches, such as the segment-specific P&L ratios, and to use these in determining the capital requirements for the various approaches.
Reduced project risk and fast implementation
FlexFinance Operational Risk provides business templates that contain the calculation algorithms. These templates help a bank implement the Operational Risk solution rapidly, thus reducing project risk. The business templates also have rule-based data completion functions that reduce the work involved in delivering data to the system for calculations.
- Identification of weak points generates an optimised overall process, resulting in increased efficiency and cost reduction.
- Fulfilment of regulatory requirements.
- Improvement of credit ratings by rating agencies.
- Full integration into the Basel II solution.
- Easy transfer of P&L ratios from the balance sheet under IFRS.
