First Gulf Bank selects SunGard for Basel II compliance

UAE-based First Gulf Bank will use technology company SunGard’s BancWare software for Basel II compliance, regulatory capital calculation, asset/liability management, and to assess balance sheet interest and foreign exchange risk.

Arif Shaikh, chief risk officer for the bank, said: “By providing an integrated solution for Basel II and risk management, SunGard will help us expand our on- and off-balance sheet risk management capability, and help us to produce regulatory-compliant reporting that meets the requirements of both the Basel Accord and the Central Bank.”

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