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Basel III - Ready Solution from Polaris

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CIOL Bureau
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CHENNAI: Polaris Software, a Financial Technology Company, has launched Intellect TM Liquidity Risk Management (LRM) solution which it says, enables the banks and financial institutions worldwide to comply with BASEL III. It is a liquidity risk management solution meant to improve the bank's ability to monitor internal liquidity - both structural and intraday -along with stress test to calculate the bank's capital adequacy and rigorous reporting process to review the implications of the liquidity mismatch. The solution is being showcased to the Banking industry leaders at the Middle East Financial Technology Exhibition and Conference (MEFTEC 2011).
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The focus on effective management of liquidity is ever increasing in the post meltdown world. The increased incidence of failures in the financial services marketplace has further intensified this trend. BASEL III is part of the continuous effort made by the Basel Committee on banking supervision to enhance the banking regulatory framework, the company stated. At a high level, the regulations fall in two groups viz. Solvency and Liquidity. Globally, banks have progressed adequately on the 'solvency' part of regulation while working on Basel I, II and 2.5 regulations. However, financial institutions will need to make fresh technology investments to be able to monitor and manage real time internal liquidity.
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While the Basel III standards are evolving, the key recommendations are:  Near real-time intraday liquidity risk at enterprise level; Structural liquidity risk management for the long term funding and Precision in pricing of asset and liability products. 
Arun Jain, Chairman & CEO, Polaris Software, said, "In light of the Basel III regulations, the launch of IntellectTM LRM is just in time. The solution is created from the best practices in global risk and treasury management assimilated over years of working with top tier banks in 80 countries across the globe. Intellect LRM is built on a superior architecture comprising IntellectTM ALM, functioning at Saudi's top rated bank and Intellect Treasury system, live in a leading Treasury in Bahrain. It will establish stronger liquidity standards; improve resolution frameworks and enable banks comply with Basel III. "
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