CMG Releases Its CAD Module: 'Not The Worst' Is One Client's Verdict

- OR&C Staff
- 18 Dec 1995

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Computer Management Group (CMG) has delivered its Capital Adequacy Directive (CAD) software package to meet the European Union's new capital requirements, due to come into force on January 1 next year.

CMG formed a consortium of banks nearly a year ago to jointly develop software to meet the January 1 deadline. This consortium includes the Royal Bank of Scotland, SBC Warburg, Hambros Bank, Saudi International Bank and Standard Chartered Bank.

However, industry observers say many vendors -

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