Project Description

Pillar I Minimum Capital Requirements

Pillar 1 of the Basel 3 Accords, refers to the requirement of institutions (Both credit and financial) to abide to minimum threshold of capital and capital ratio at all times. Through Pillar 1, the Bank of International Settlements via Basel 3 and in extend the EU via the Capital Requirements Directive 4 (CRD 4), want to set the standards for cohesive monitoring actions throughout the regulated regimes. As such, entities are required to report on a quarterly basis their capital and capital ratio and most importantly to be able to monitor it on a daily basis making sure that it is always adequate for the financial services that they offer.

Regtify’s Prometheus platform, offers an automated procedure for calculating your Pillar 1 requirements through a simple step by step process. Furthermore, the platform allows you to duplicate and repeat the process for an unlimited number of iterations per day. Finally, the data are gathered in a simple analytics dashboard allowing you to monitor your capital requirements on a continuous basis.

SKILLS NEEDED

Practically none

CATEGORIES

Accounting / Risk Management

PRICING

Ultra Competitive

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The first pillar

MINIMUM CAPITAL REQUIREMENTS

The first pillar deals with maintenance of regulatory capital calculated for three major components of risk that a bank faces: credit risk, operational risk, and market risk. Other risks are not considered fully quantifiable at this stage.

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