HCL Tech develops risk tool for banks

By New Delhi: | 07 Oct 2004

1

New Delhi: HCL Technologies has developed an operational risk management and measurement engine called OpRisk Shelter to identify, measure and manage expected loss related to operational risks of a bank.

"The development of a solution for monitoring operational risk, gains significance in view of the new Basel Capital Accord," a release said.

OpRisk Shelter helps banks in complying with operational risk requirements under Basel II by addressing Pillar One (calculation of capital charge) and Pillar Three (reporting requirements). 

It uses the Advanced Measurement Approach (AMA) and the popular scorecard model to calculate capital charge required for operational risks, the release added.

Business History Videos

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more