Raiffeisen Bank tackles Basel III principles 28 September 2016London Reporter: Becky Butcher
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Raiffeisen Bank has implemented SmartStream’s cash and liquidity reporting solution.
The new solution is designed to approach the Basel Committee on Banking Supervision’s ‘Principles for Sound Liquidity Risk Management and Supervision’ for intra-day liquidity management, due to be implemented in January 2017.
In 2014, Raiffeisen Bank International decided to tackle Basel III by implementing the Corona cash and liquidity reporting solution the bank’s Austria offices.
Christian Schiebl, executive vice president of the Corona business unit at SmartStream, said: “Basel III highlights how data has to be ‘trusted data’—with Corona, we have a unique advantage in supplying exactly what the regulators expect.”
“Raiffeisen Bank International is the first bank in the region to take such a proactive approach in protecting themselves, as well as their customers, we are proud they have taken such steps.”
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