i-flex Solutions division i-flex Consulting Announces Methodology & Self Assessment Toolkit for Basel IA

i-flex Solutions Ltd has announced that i-flex Consulting^TM, a division of the Company, on June 21, 2007 announced the availability of a methodology and a self-assessment tool kit for Basel IA which is drawn from i-flex"s enormous experience in Basel II implementation. This is the industry"s first Basel IA implementation solution and aims to offer.

- A structured mechanism for analyzing the strategic opportunities and challenges underlying the proposed Basel IA reforms and their implications for a bank"s regulatory and business environments.

- A sound methodology to analyze the current risk systems and risk management processes, and identify gaps with respect to the Basel IA framework and best practices.

- A detailed implementation plan / roadmap describing the pivotal projects to be executed to achieve compliance along with a comprehensive view of timeframes, milestones, investment, payback schedules and resource / infrastructural requirements.

- An understanding of benefits that would accrue to a bank beyond compliance, in terms of business advantage, better risk management and risk based pricing.

The self-assessment tool kit and the methodology document are available for roll-outs instantly.

Speaking on the methodology, Vijay Sharma, Head, i-flex Consulting said, "i-flex strongly supports the endeavor of the Agencies to develop a more risk-sensitive framework for capital estimation. The i-flex Basel IA framework would enable small to mid-tier and regional banks to transition toward a more effective risk-based capital system within reasonable budgets and a realistic time-frames. This would help remove some of the competitive disadvantage of this segment of banks vis-à-vis the Basel II banks."

As part of this initiative, i-flex Consulting also announces a series of workshops to be conducted in the United States. The first workshop is scheduled on June 21, 2007 in Midtown Manhattan, New York City.

I-flex Consulting has the following offerings for Basel IA:

- Strategy and Gap analysis
- Implementation management and systems integration
- Disclosures and reporting requirements

Source : Equity Bulls

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