MEDIA ADVISORY: How to Draw Significant Economic Benefits from Basel II Compliance
December 2005
Who:
Mark Fleming, Director of Economics and Modeling for CoreLogic, is a collateral risk management and fraud prevention expert. Fleming has six years of experience in the housing finance and property information business. Fleming consults and implements fraud prevention strategies for lenders nationwide.
What:
The story behind Basel II and the tools required to meet the standards offer an interesting look into the economics of the mortgage industry. With mortgage fraud on the rise, financial institutions are constantly faced with the prospect of unnecessary loss. Basel II’s regulatory requirements provide a capital allocation framework that enables financial institutions to use risk-based default and loss severity models to calculate that loss exposure.
Basel II requires lending institutions to set aside assets to balance risk, making analyzing the risks paramount. The better the risk-based models, the more efficient the capital allocation process becomes. The result is significant economic benefits to the financial institutions and consumers as banks may be able to operate more efficiently with lower levels of regulatory capital. Mark Fleming offers commentary on Basel II compliance and answers the following questions:
- How should banks adjust their risk management policies and procedures to align with Basel II regulations?
- How can banks accurately calculate credit risk and allocate capital to achieve considerable economic benefits?
- What cost-effective tools do banks need to take to comply with Basel II?
When:
Fleming is available immediately. Please contact Meredith Boyd at 678-781-7219 to schedule an interview.
About CoreLogic, A C&S Company
Sacramento, Calif.-based CoreLogic, A C&S Company, is the leading provider of collateral risk-analysis and management technology and services to the U.S. mortgage banking industry. Since 1997, the mortgage industry has relied on CoreLogic to enable risk management and workflow process support. Using CoreLogic technology, mortgage originators and investors are able to increase profitability and loan quality by making more informed lending and investment decisions. The CoreLogic suite of property information tools provides the data, comprehensive geographic coverage, ease-of-use and accessibility the mortgage industry needs. For more information about CoreLogic, visit www.corelogic.com.
###
back to press releases
