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HCL Tech develops risk tool for banks

Our Bureau

New Delhi , Oct. 6

HCL Technologies has developed an operational risk management and measurement engine called OpRisk Shelter to identify, measure and manage expected loss related to operational risks of a bank.

"The development of a solution for monitoring operational risk, gains significance in view of the new Basel Capital Accord," a release said.

OpRisk Shelter helps banks in complying with operational risk requirements under Basel II by addressing Pillar One (calculation of capital charge) and Pillar Three (reporting requirements).

It uses the Advanced Measurement Approach (AMA) and the popular scorecard model to calculate capital charge required for operational risks, the release added.

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