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Latvian Bank Adopts New Capital Adequacy Reporting Technology

Tom Burroughes

27 August 2008

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.