Technology
Latvian Bank Adopts New Capital Adequacy Reporting Technology
Quadrant, a supplier of enterprise risk and compliance
systems for financial services, saidParex
Bank (Latvia) has adopted its SAB2 product used to report how
much capital the bank has to cover risks if that information is
needed by Latvia’s state regulator.
Under the agreement, Quadrant extends its SAB2 Basel II and
Capital Adequacy reporting solution recently implemented for AB
Parex Bankas ( Lithuania) to the parent company, Parex Banka,
based in Riga.