Best Practices For BIS II Implementation
Our mission is to help BIS II professionals create a set of best practices for the industry.
BIS II is a relatively new development within the financial sector. It has had a large impact on most financial institutions who had to implement it. It meant new IT systems, new departments, new modelling techniques, new policies, etc.
Many companies began an expedition to find the best way to implement the new guidelines. Each financial institute started developing their own moddeling methods, policies, organisation, etc.
This initial stage of exploration is now over. Most financial institutions have now implemented some form of BIS II framework. However, in the aftermath of this initial stage few standards have emerged. Many different systems exist.