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 | | | ALLIANCE & LEICESTER PLC: UK’S FIRST BANK TO OPERATE UNDER BASEL II REGIME - 4th April 2007 |
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| Alliance & Leicester plc, one of the UK's major financial services groups has become the first UK bank to obtain unconditional approval from the FSA to operate under the new Basel II regime. A key component of its internal ratings based approach is the use of a FACT credit solution developed by Bureau van Dijk Electronic Publishing (BvDEP), one of the world’s leading electronic publishers of business information. |
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| Alliance & Leicester uses FACT to operate its own internal model for assigning ratings to bank counterparties. The FACT solution also facilitates workflow benefits such as archiving. The system is hosted for Alliance & Leicester by BvDEP. |
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| “Using the FACT platform, BvDEP have helped us to develop a highly effective IRB solution for banks. Not only are we extremely pleased with the end product, but we also received excellent service and support throughout. I would have no hesitation in recommending BvDEP to other organisations seeking to implement similar solutions,ö said Steven Hassall, Head of Credit Analysis – Group Risk, at Alliance & Leicester. |
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| “We’re delighted to provide Alliance & Leicester, with this solution,ö said Claude-Vincent Gillard, Director of Banking Products at BvDEP, “We’ve been able to implement it swiftly and it’s been very well-received by Alliance & Leicester’s end users. Also, it’s flexible - Alliance & Leicester can cultivate it internally so it will evolve as its business needs develop.ö |
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| FACT is an enterprise wide solution that can rate any type of entity. For more information visit bvdep.com/customisedsolutions |
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| Contacts |
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| Bureau van Dijk Electronic Publishing |
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| Press contact: |
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| Louise Green |
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| Marketing and Communications Manager |
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| Direct Line: 44 (0)20 7549 5012 |
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| louise.green@bvdep.com |
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| Claude-Vincent Gillard |
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| Director of Banking Products |
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| Direct Line: 32 639 0562 |
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| cvg@bvdep.com |
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| Alliance & Leicester |
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| Press Office Direct Line: 0116 200 3355 |
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| Pressoffice@alliance-leicester.co.uk |
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| About BvDEP |
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| Bureau van Dijk Electronic Publishing (BvDEP) is one of the world’s leading electronic publishers of business and company information. The company has 25 offices worldwide. BvDEP is best known for its range of international company information products that combines multiple high-quality data sources with flexible software to allow users to manipulate data for research, marketing intelligence and analysis. Products include ORBIS, FAME and AMADEUS. BvDEP also publishes the global M&A database, ZEPHYR. BvDEP also creates customised solutions and one element of this is the credit analysis platform, FACT. |
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| www.bvdep.com |
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| About FACT |
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| FACT is a framework that effectively manages credit risk, and can bring together internal and external models with a company’s internal and external data, to streamline credit processes. In addition to being a flexible rating system, it offers benchmarking, archiving, workflow and approval mechanisms and is ideal to implement as part of Basel II compliance. |
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| About Alliance & Leicester |
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| Alliance & Leicester is one of the UK's major financial services groups. It offers a broad range of financial services to personal and commercial customers. Alliance & Leicester has been a member of the FTSE 100 index of leading shares since 1997, when it converted from its original mutual building society status. |
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| | | BVDEP AND FITCH RISK SCORE WITH FACT-CRS - 16th June 2004 |
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| BvDEP, London, 16 June 2003: FACT-CRS, a new integrated tool to analyse and manage credit risk, has been positively received by the global credit risk community. FACT-CRS is the result of an alliance between Bureau van Dijk Electronic Publishing (BvDEP), one of Europe’s leading publishers of electronic data, and Fitch Risk, a leading global provider of risk management solutions. It was presented at a series of road shows which ran from March to May this year. |
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| FACT-CRS, which aims to streamline credit processes and liberate analysts’ time, has evolved directly from customer demand. Clients of BvDEP’s bespoke solutions recognised how their solutions could help them with Basel II compliance. BvDEP developed this concept further and FACT-CRS now exists as a product that incorporates models from Fitch Ratings, financial data from BvDEP’s product range with software that automates credit procedures, scoring and modelling whilst offering flexibility in its parameters and execution. |
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| “Basel II is currently an issue for every financial institution",said Claude-Vincent Gillard, head of BvDEP's customised solutions. “Our knowledge of customers’ needs has helped us create and develop FACT-CRS. It goes a long way to solve the implementation of a structured credit procedure, and it’s easy to build models, audit and administrate. Customers can also get instant overviews of their credit risk and exposure". |
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| For more information on FACT-CRS please contact info@bvdep.com or visit www.factcrs.com |
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| Contact information |
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| Bureau van Dijk Electronic Publishing |
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| Credit Risk Analysis contact: |
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| Claude-Vincent Gillard |
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| Head of customised solutions |
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| 00 322 639 0562 |
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| cvg@bvdep.com |
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| Lode Debackere |
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| Business development manager: FACT |
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| 00322639 0589 |
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| ldb@bvdep.com |
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| Media contact |
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| Louise Green |
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| Marketing Communications |
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| 00 44 20 7549 5012 |
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| louise.green@bvdep.com |
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