OneSumX for Basel solution covers standardized and advanced approaches across all bank sizes and risk types. From credit to market risk, through to operational, settlement, credit valuation adjustment, and counterparty credit risk. Not only can our technology and expertise ensure you comply with the Basel IV deadline and reporting obligations, but your teams can make timely, informed decisions to manage risk more effectively, and optimize revenues.
One-stop shop for Basel compliance
A single solution combining data, calculations and reporting. It covers all standardized approaches across all risk types and all bank sizes. This is in line with requirements around proportionality.
Scalable solution
Support compliance with the Basel IV regulation, irrespective of the bank size or method chosen.
Saves time
Automate and speed up your prudential risk reporting by using a single solution across all entities. Save time on projects and reduce the cost of maintenance.
Improves accuracy
Use Exact Regulatory Metrics (not proxies) in business projection scenarios and for deal decision-making.
Basel IV is a regulatory framework that helps banks meet goals beyond regulatory compliance. To comply, banks are being called on to examine risk in creative and demanding ways that forces them to rethink their strategies and business models. This ultimately allows them to enhance growth, competitiveness and profitability - if they manage their organizations and their data well.
The Basel Committee on Banking Supervision (BCBS) has set January 1, 2023 as a global deadline for “Basel IV”. However the local jurisdictions define the actual implementation deadlines, possibly in a phased approach. A notable example is the European Commission that has pushed the CRR3 effective date until January 1, 2025 (pending approval of the EU parliament).
Please contact us for the status of your local Basel IV requirements.
Avoid common pitfalls and discover the best path for adopting a holistic approach to risk management. Download our free Basel IV checklist to learn more:
Unified data
Single source of consistent data for full Basel management.
Prudential consolidation
Combine all your entities data according to the specific rules of prudential consolidation
Basel calculations
Full set of Basel regulation prescribed methods integrated and consistent
Basel reporting
Reports to the regulator and public disclosures.
OneSumX for Basel takes an integrated approach across multiple disciplines. It facilitates the balancing act of managing risk, meeting regulatory requirements and optimizing profitability. Designed to be the solution that meets the vital twin objectives of making a bank a better business and a more compliant one.
Here are some of the features of OneSumX for Basel that will help your teams manage the massive regulatory initiative:
