CMG Plans New Version Of Cobra For Basle Regulatory Compliance

THE London-based Computer Management Group (CMG) is developing a new version of its Cobra reporting system that aims to comply with the forthcoming Basle Committee rules on capital adequacy at international banks.

CMG is now assembling a consortium of London-based banks that will help the vendor develop the new regulatory compliance application.

The Anglo-Dutch consultancy company followed a similar strategy last year when it tailored Cobra to meet the EU's Capital Adequacy Directive (CAD)

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