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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.
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, Rapidsoft provides their strategic technology consultancies and partners with financial institutions for designing, developing, deploying and support their critical applications.
For more information on our software development services and solutions for the Banking & Finance Industry, please feel free to contact one of our executives at +1 516 515 9871 or drop your enquiry on firstname.lastname@example.org. We are working round the clock to help our clients with suitable solutions.