IT Risk Analysis Based On BASEL 2 Directions
We offer you support risk assessment of IT operational activities using the BASEL 2 regulations which are mounted by the European Union and applied to financial institutions.
"Consultants may provide specialised expertise for certain elements of the Basel II initiatives. They may also be able to foster ‘best practices’ in different banks as well as jurisdictions."
(Source: BIS: Implementation of Basel 2 – Practical Considerations)
When Basel 2 comes into force it causes three insistent tasks. One of them is minimizing the operational risks – but this issue is the least known by the financial institutes.
Banks have to measure their risks, evaluate them and make arrangements for decreasing of the risks fallen back on the internationally tried and redeemed solutions.
ITBC Hungary undertakes executing IT operational risk assessment using the new standards which took effect in January 2006.
The assessment is a joint work with your assigned colleagues. During this joint work the audit experiences of workmates of ITBC are summarized with the knowledge of the workmates of the examined company.
You can say “yes” for the undermentioned important questions in the IT area with our assistance:
• is every risk measured and known?
• Does the internal control expand to every risk and is there a control mechanism for that?
• Are there responsible people for executing the assigned mechanisms and do they meet their controlling engagements?
We make a proposal for continuous measurement and assessment of operational risk. Our activities assist not only to suit requirements of Basel 2 but we help you making effective decisions and performing the regulations of the regulatory authorities.
Since the Hungarian explanations are under construction you can find further information on http://www.pszaf.hu/bazel2/bazel.htm page or call 06205500002.