July 30, 2012

Financial information services company Markit today announced the launch of a Basel III compliance platform for financial institutions.

Markit Analytics CVA & Capital helps financial institutions integrate the management of credit valuation adjustment (CVA) and internal model capital, said Markit, which is based in London.

According to the company, by using the solution as a unified simulation engine to calculate CVA, funding valuation adjustment (FVA) and internal model capital for CVA, counterparty credit risk (CCR) and market risk, banks are able to meet regulatory requirements and enhance their active portfolio risk management capabilities while saving costs.

Basel III, a set of global regulations on bank capital and risk management set by The Basel Committee of global regulators, will be formally phased in starting January 2013.

ABOUT THE AUTHOR
Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as ...