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Phil
DW-BI News - October 2005 Issue:
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| In June 2004, the Basel Committee
on Banking Supervision released the Revised International Convergence of
Capital Measurement and Capital Standards (known more commonly as Basel 2). In December 2004, the Bangko Sentral ng Pilipinas (BSP) issued a memorandum to all banks announcing the BSP's intention to require compliance with the provisions of Basel II by 2007, particularly for universal / commercial banks. A few months later, the BSP also released a document entitled BSP's New Risk-based Capital Adequacy Framework (Exposure Draft) to outline the proposed implementing guidelines for Basel II in the Philippines, as well as to solicit comments from concerned parties. Many risk management vendors and consultants
have been directing their marketing efforts, software development plans, and
service offerings to create Basel II-compliant solutions. Unfortunately, none of
these solutions will work if banks do not track a minimum set of data items as
part of its day-to-day operations. |
This document provides an introduction to Basel II, then focuses on the data requirements for complying with the BSP's regulatory requirement to use the Standardized Approach for Credit Risk (for universal / commercial Philippine Banks), as indicated in the BSP's Exposure Draft. Download the PDF:Complying
with Basel 2: Minimum Data Requirements for Credit Risk
(PDF 245 kb)
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