Quatari bank welcomes SunGard solution 19 November 2014Doha Reporter: Stephanie Palmer
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Quatar-based Ahli Bank QSC has deployed SunGard’s risk solutions strategy to help enhance its regulatory capital calculations and reporting capabilities.
The move is part of a strategic initiative to towards better capital adequacy ratios and improved compliance within the bank.
SunGard’s solution creates an integrated system for fast and accurate regulatory reporting using automated calculation. It will allow the bank to concentrate resources on strategic risk activities and will also play a part in the move from Basel II to Basel III compliance.
Salah Murad, CEO of Ahli Bank QSC, said: “The SunGard solution has helped us improve in three key areas: Basel III monitoring and compliance, the calculation of risk weighted assets and measurement of risk adjusted return on capital in order to allocate capital efficiently to various businesses within the bank.”
“This implementation took only six months due to the combined skills of Ahli Bank and SunGard and clarity of purpose. In summary, we have a new milestone of Basel III achievement and reporting data that is automated.”
By introducing automation, the SunGard system reduces reporting time and increases exposure transparency, while helping to monitor risks for forward-looking analysis.
Wissam Khoury, managing director of SunGard Middle East and Africa, said: “Banks that continue to run legacy risk management systems face challenges in meeting today’s risk and compliance requirements.”
“Ahli Bank is modernising its risk infrastructure in a strategic move to help drive competitive advantage from the practice of compliance. We are confident that our solutions will be integral to this, helping the bank keep pace with regulation while laying the foundations for more effective, long-term risk management.”
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