Solution: Basel II-compliant credit risk measurement
Product: BEA WebLogic Server®
Industry: Financial Services
Country: Germany
Basel II requires banks to change the way in which they assess the risk of extending credit to new borrowers. Working in collaboration with 40 German financial institutions, the challenge for Bank-Verlag was to develop a flexible, standardised and cost-efficient tool that meets the new regulations.
The BV Rating engine is a powerful and interactive risk assessment instrument based on BEA WebLogic Server. Full availability is expected by the end of 2004.
The new system enables participating banks to achieve early compliance with Basel II through a standardised rating system. Key benefits include efficient control of banking operations, optimum cost savings and a high degree of development potential.
