Ascential Software and IBM Partner to Outline Strategies for Enterprise Risk Management and Basel II Compliance
Friday May 30, 4:55 pm ET
Cyberseminars will help CIOs and IT managers at global financial institutions prepare for 'Building the Data Foundation for Enterprise Risk Management and Basel II'
WESTBORO, Mass., May 30 /PRNewswire-FirstCall/ -- Basel II provisions, issued by the Bank of International Settlements in Basel, Switzerland, will require virtually all major banks conducting international transactions to track and publicly report exposure to operational, credit and market risks. Ascential and IBM will outline proposed compliance solutions.
PRESENTERS:
Ascential Software Corporation (Nasdaq: ASCL - News), the leading provider of enterprise data integration solutions to the Global 2000 and government agencies, and its strategic business partner, IBM (NYSE: IBM - News).
EVENT:
An expert cyberseminar presented by Ascential Software and IBM, "Building the Data Foundation for Enterprise Risk Management and Basel II," will detail how financial institutions can measurably increase their working capital under the "Basel II" global risk measurement and reporting regulations.
RATIONALE:
To help CIOs and IT managers at worldwide financial institutions make a significant, positive business impact with their Basel II initiatives. By complying with advanced risk-management standards, banks can dramatically reduce their capital reserves depending on the sophistication of their risk assessment capabilities. Hundreds of banks will come under the Basel II provisions in 2006, but banks will need a minimum three-year track record of advanced risk measurement to qualify for minimum capital reserve privileges. As a result, financial institutions need to design and implement their Basel II solutions this year.
DATES:
Tuesday, June 3, 2003, 3 p.m. EST Wednesday, June 4, 10 a.m. EST
REGISTRATION:
Advance registration requested at ascential.com
For More Information:
Chas Kielt
Ascential Software Corporation
(508) 366-3888, x3256
chas.kielt@ascential.com
About Ascential
Ascential Software Corporation is the leading provider of enterprise integration solutions to the Global 2000 and government agencies. Customers use the Ascential(TM) Enterprise Integration Suite and products to turn vast amounts of disparate, unrefined data into reusable information that drives business success. Ascential's unique, comprehensive data integration suite enables customers to easily collect, validate, organize, administer and deliver information to realize more value from their enterprise data, reduce costs and increase profitability. Headquartered in Westboro, Mass., Ascential has offices worldwide and supports more than 2,200 customers in such industries as financial services, telecommunications, healthcare, life sciences, manufacturing, consumer goods and retail. More information on Ascential can be found on the Web at www.ascential.com.
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Source: Ascential Software Corporation |
