Regulatory Compliance
Powerful auditing and reporting that goes to the
granular level to meet the most stringent regulations.
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Basel IIThe Basel Capital Accord (Basel II) updates the international bank
capital accord (Basel I) to improve consistency of capital regulations,
make regulatory capital more risk sensitive, and to promote
risk-management practices among large international banking
organizations.
One key concept that each bank must grapple with under Basel II is operational risk. Each bank’s estimated operational risk will have a direct impact on its capital requirements, which in turn, impact the flexibility and, more importantly, the profitability of each bank. However, without robust protection of data, banks are at risk to costly information loss—leading to higher operational risk and ultimately, lower profits.
Liquid Machines Enterprise Rights Management solutions help banks establish tight controls of critical information, whether it is personal data of clients or portfolio data of the banks themselves. Making this information more secure not only helps banks comply with Basel II, but also helps them lower their operational risk estimates. With Liquid Machines, data is persistently protected, lowering both the probability and expected cost of information leaks to the banks. Using Liquid Machines to lower operational risk can help lower a bank’s reserve requirements—leading to greater profitability. |
