Basel II and Click&DECiDE

What is Basel II?

Basel II, also called The New Accord (the correct full name is the International Convergence of Capital Measurement and Capital Standards - A Revised Framework) is the second Basel Accord and represents recommendations by bank supervisors and central bankers from the 12 countries making up the Basel Committee on Banking Supervision to revise the international standards for measuring the adequacy of a bank's capital. It was created to promote greater consistency in the way banks and banking regulators approach risk management across national borders. The Bank for International Settlements (often confused with the BCBS) supplies the secretariat for the BCBS and is not itself the BCBS.

Basel II aims at:

Ensuring that capital allocation is more risk sensitive.
Separating operational risk from credit risk, and quantifying both
Attempting to align economic and regulatory capital more closely to reduce the scope for regulatory arbitrage.

Improve your understanding of the issues raised by Basel II for the Internal Controls that affect the IT function within your organization. Click&DECiDE 's interactive Training workshops cover the key issues and challenges and advise on the related internal control frameworks: COSO, COBIT, ISO/IEC 17799 and the relationship and alignment between them.

Basel II Challenges

Basel II emphasizes the need for:

Regular monitoring activities.
Policies and Best Practices to control and mitigate operational risk.
Regular review of risks and controls.
Modification and optimization of risk management as necessary.
Improved Data Storage and management.

Click&DECiDE 's Solution

To address the Internal Control requirements of Basel II, Click&DECiDE 's Solutions can help companies deal with the following issues:

Security Event Log Archival.
Access Control.
Malicious Code Detection.
Policy Enforcement.
User Monitoring & Management.
Vulnerability Management.
Real-Time Reporting.
Forensic Analysis.

Let Click&DECiDE help you comply with these regulations and automate this International necessity.

Your Logs: the compliance regulations are clear concerning the need for log analysis and retention. If companies have a running record of all the events occuring on their networks, they can easily discover what went wrong. This can also aid in following and prosecuting perpetrators.
Your Risk: are you under attack? When a security breach occurs, such as a virus, a worm, a disgruntled employee or even a hacker, Click&DECiDE will pinpoint the breach and distinguish a virus from a hacker and so on.
Your Shared Reports: security is a shared concern. By constantly analyzing logged evnts and keeping a stock of logged events, all your departments, including the IT Security department can generate reports on network activity and security to share the information with Senior Management.

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Click&DECiDE 's Training Workshops

Improve your understanding of the issues raised by the Internal Controls required by key international regulations: Basel II, Sarbanes-Oxley (SOX), SEC 17a-3, a-4, NASD 3010, 3110, PCI DSS, Tabaksblat Code, La Loi de Sécurité Financière (LSF) that affect the IT function within your organization. Please contact our Senior Consultant, Benoît Rostagni for more information: benoit.rostagni@clickndecide.com

Our interactive Training workshops cover the related Governing Bodies (PCAOB, AMF...), the key internal control frameworks: COSO, COBIT, ISO/IEC 27002 and the relationship and alignment between them. We tailor the content of our workshops to your needs, according to range of topics you select the workshops can range from 1-2 Days. Read more...

Bringing your company's security up to meet the regulatory standards may require various changes, for example managing the reams of log data in your database, managing your database volumes. We help you store, aggregate and purge your data, decrease your database volumes and easily analyze and report pure business intelligence knowledge in real-time, tailored to each of your department's specific needs. Please contact us to see how we can help you: sales@clickndecide.com

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