Basel II Compliance – Why a Necessity?
Basel II compliance ensures that a bank holds capital reserves appropriate to the risk it exposes itself to through its lending and investment practices. These rigorous risk and capital management requirements are designed to help protect the international financial system from the types of problems that might arise should a major bank or a series of banks collapse.
In order to reduce operational risk, financial institutions must implement a robust information security measure, which includes the protection of critical information on the network. Information security measures must ensure the confidentiality and integrity of the organization's data, including protecting customer data from accidental or malicious disclosure.
Basel II Implementation – eGestalt’s SecureGRC Helps in Risk Management
eGestalt’s security governance practice addresses all on-going and perceived threats to ensure confidentiality, integrity and availability of information at all times.
SecureGRC, a breakthrough solution that provides an end-to-end integration of security monitoring with IT-Governance, Risk Management and Compliance (IT-GRC) management solutions using a cloud based delivery model.
The combined solution provides an ability to address
- Enterprise needs around Security, Compliance and risk management
- Provides automation and integration of policy controls to manage security and IT-GRC related issues.
- There is built in framework support for RBI Compliance, NSE, BSE, MCDEX, PCI, ISO, COBiT, SOX, BASEL II, HIPAA, FISMA, and other country specific frameworks which are ready to use.
SecureGRC™ includes all security and IT-GRC functions required to be compliant with easy to adopt compliance management framework with ready to use frameworks, leading edge context based inference engines, most advanced alert processing and easy to use logging and monitoring solution.. For more information on Basel II Compliance Contact Us.
