Ireland-based IIB Bank is rolling out the Risk Management for Banking product from UK-based SAS across its homeloans division in order to comply with the forthcoming Basel II regulations.
IIB Bank will use the software to generate homogeneous pools of mortgage details so that consistent risk measures can be generated, analysed and reported over a time horizon.
SAS says the product will ensure the bank is compliant with the forthcoming Basel II regulations for credit risk management.
Tony Barnes, head of programme office, IIB Bank, says the flexibility and depth of the solution coupled with the speed of implementation provided a compelling case for the selection of the SAS product.