SDC of Denmark selects FRSGlobal to Implement Basel II Pillar 2 Stress Testing
FRSGlobal has been selected by Skandinavisk Data Center (SDC) to implement stress-testing regulations for its member banks, covering Basel II pillar 2. SDC is a long-standing user of FRSGlobal’s riskpro solution for credit and market risk CAD reporting for over 130 banks in Denmark, Norway and Sweden.
FRSGlobal is working with SDC’s central project management on the implementation. Static stress testing is expected to take place during the third quarter of 2009 and dynamic CAD calculation and stress testing is also planned.