Question: Why should some banks prepare now to implement an Advanced Internal Ratings Based (A-IRB) approach to the New Basel Capital Accord?
Answer: At the time of implementation, which is scheduled to be January 1, 2007, banks must have a minimum of three years of performance data against their models. If banks are looking to comply, they must get moving NOW in order to meet that requirement.
With more than 800 major global clients in over 50 countries worldwide, Scorex is one of the world's leading decision solutions and business intelligence organizations. Scorex's integration of industry experience, decision support software, business intelligence, scoring, analytics and consulting makes us uniquely qualified to offer solutions encompassing the credit industry's entire customer life cycle. Utilizing the latest technology, modular software solutions have been developed that can be deployed globally across any vertical market. The solutions help organizations to make better, faster customer acquisition and management decisions while attaining tactical and strategic business objectives. You can learn more about Scorex and the New Basel Capital Accord by visiting our web site. 800-859-8990 Email address: Kevin.mcclafferty@us.scorex.com First published on BankersOnline.com 9/2/03
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