Banking and Finance
Banking Application Development
When it comes to the prudent regulation of banks, the primarily considered global standard-setter is Basel Committee on Banking Supervision (BCBS). It provides a banking or financial institution with cooperation on banking supervisory matters. The direction of BCBS is to strengthen the regulation, supervision, and practices of banks over the world with the determination of enhancing financial stability.
The third Basel standard is an all-inclusive set of reform measures aimed at:
- Advancing the ability of banking sector to absorb shocks occur because financial and economic stress
Improving risk management and governance, and
Fortifying transparency and disclosures in banks.
There have been great efforts in strengthening banking and financial sector and powering banking institutions to become more robust in the case of unexpected stresses. These restructurings primarily focus regulatory capital, liquidity, and leverage. We expect that any future crisis will not lead governments to spend the money of taxpayers to save the banking system. Banks having global presence complying with BASEL norms require to constantly enhance their internal risk management systems.
Banking and financial institutions do this by frequently monitoring and effectively using latest IT solutions on a regular basis to outshine in their performance.
Here, Netcrop Technologies provides their strategic technology consultancies and partners with financial institutions for designing, developing, deploying and support their critical applications.