Calypso Adds New Module Amid Looming Basel III Counterparty Credit Risk

[kreslik.news]

The Basel Committee’s final standard on a standardized approach for the measurement of counterparty credit risk exposures by financial firms are looming over the industry and big banks in particular. The changes are including a new approach which is not based on models, but rather on a Standardized Approach.

Companies will have to start measuring counterparty credit risk associated with OTC derivatives, exchange-traded derivatives, and long settlement transactions in a new way starting form the 1st of January 2017. Calypso is one of the capital markets software providers that are adding new tools for companies to address the new requirements.

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