FREE MEMBERSHIP - Create your personalized Bitpipe Service!  Members: Sign in 
Search Bitpipe: 
  Search Help
Basel II: Implications for Financial Service Providers
sponsored by Patni Computer Systems, Ltd

Basel II is already gaining popularity and acceptance among the G-10 nations. All banks and enterprises involved in securitization and dealing with long-term equity holdings, such as private equity and venture capital, are incorporating the recommendations of Basel II.

The new accord will affect all spheres of the financial sector, including insurance and capital markets. The most significant impact of Basel II will be on the IT infrastructure of financial institutions. CIOs will need to align the business needs of their enterprises with technologies that support them. For this, common definitions and reporting structures will be implemented and information must be integrated to comply with the new Basel II standards.

These challenges can be achieved by outsourcing Basel II and other finance related projects to IT service providers- who could offer a coherent architecture and platform that helps automate processes and reduce costs while effectively integrating systems. IT service providers therefore not only provide a variety of services that help financial systems in implementing Basel II, but also empower financial institutes with a competitive advantage.

(THIS RESOURCE IS NO LONGER AVAILABLE.)
 
See what other users are reading via our Daily Top 50 Report
.

Home | About Us | Contact Us | Advertise with Us | Partner with Us | Site Index
TechTarget provides enterprise IT professionals with the information they need to perform their jobs - from developing strategy, to making cost-effective IT purchase decisions and managing their organizations' IT projects - with its network of technology-specific Web sites, events and magazines

Definitions: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Other   TechTarget - The Most Targeted IT Media
TechTarget Corporate Web Site  |   Media Kits  




All Rights Reserved, Copyright 2000 - 2009, TechTarget | Read our Privacy Statement