KFH Implements New Risk Management System
Published: 29-Jun-2009
Sun Gard system meets CBK requirements, Basel 2 standards
Kuwait Finance House (KFH) has incorporated new Sun Gard system that is expected to handle all forms of risk management. The program meets the requirements of the Central Bank of Kuwait (CBK), Basel 2 and other international accounting standards, in addition to the standards followed in Islamic banks.
The program is intended to help in estimating and following up by relying on unified, documented data. Also meant to assist decision makers by providing them with various reports that tackle risks, such as credit, operation, market, and liquidity risks.
Abdul Aziz Al-Bader, Manager, Risk Management Department at KFH, explained in a press release that the financial crisis changed many traditional concepts of risk management, which prompted KFH to follow up and conduct studies about risks, according to the new global updates.
He stressed on the importance of applying this Shariah compliant system and the direct impact that it will have on the levels of profit, the interest of the depositors, shareholders, and investments.
Delicious
Digg
Facebook
LinkedIn
Reddit
Stumble
ViadeoNetwork Sites
Mail sent successfully
Suppliers To This Sector
Browse A-Z
Advent Software
Investment Management Applications ...
Cryptomathic
Security Solutions for Businesses ...
Sterling Commerce
Software for Business Collaboration Networks ...
Agnitio
Voice Biometrics for Enterprise Security ...
Turku
A Superb Location for Doing Business in Northern Europe ...
Crossing-Tech™
Banking Application Integration and Urbanisation ...
White Papers
Browse A-Z
The Benefits Of Automation For The Front Office
The increase in ultra high net worth families around the world — especially in the emergin ...
Performance Attribution: Identifying the Sources of Investment Performance
Knowing what makes your investment decisions successful (or not so successful) is a powerf ...
A Best Practice Guide to Family Office Technology
The increase in ultra high net worth families around the world — especially in the emergin ...
The Antidote to Information Overload
In recent years the industry has struggled with a massive influx of investment information ...
Tower Group Report: Global Exchange Consolidation
This 12-page TowerGroup report analyses the rapidly consolidating exchange market, examine ...
How Financial Firms Can Improve Business Integration Capabilities and Increase Straight-Through Processing Efficiency
This paper identifies some of the more common issues and challenges such as security and t ...
