Basel III Template
BWise can assist banks in meeting the recommendations and requirements of Basel III. The accord notes that the greater the risk the bank is exposed to, the greater the amount of capital the bank needs to hold to safeguard its solvency and overall economic stability. Based on best practices and years of experience BWise has developed an effective approach to support the financial and operational demands of the Basel accords. This approach enables a bank to assess and analyze its risks, and build a companywide risk framework with appropriate measures to manage risk on a day-to-day basis. This provides compliance with Basel III and a foundation for improvement by the enterprise.
With the BWise best practice, process-based approach, banking institutions can manage risks and prove to regulatory supervisors, credit agencies and auditors that material risks are managed and how these risks are managed. Reports and insights into these risks are also easily compiled. The BWise solution can be used to grant secure access to an enterprise’s external accountants or auditors, enabling the monitoring of risk handling by the bank. In addition, a process-based approach to Basel III has proven to be an effective way to bring risk management to an operational level, and give management insights on how to optimize the required capital reserve. Banks using BWise have a better understanding and enhanced managerial control of their companywide risks. This has resulted in performance improvements, including financial benefits, such as less required capital funding.