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Basel 2
In the field of finance, the Basel committee prescribed very precise rules covering the appreciation of risks in banking (and in particular as regards credit risks) under the denomination of Basel 2. As a result of these norms, the European Capital Requirement Directive CRD was promulgated, transposing the recommendations of Basel 2 into European law.
GRC Suite, in response to Basel 2, allows for the evaluation of credit risk for banks, credit organisations and insurance companies and guarantees total traceability of the factors entering into the calculation of aggregates and allocations of shareholders’ equity.
