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Article: Moody's KMV Product Enables Bank Itau Europa to Achieve Regulatory Compliance.
- Article from:
- Business Wire
- Article date:
- May 8, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Cutting Edge Solution Aids Customer Ability to Manage Impairments by Credit & Country Risk
SAN FRANCISCO -- Moody's KMV, the world's leading provider of quantitative credit risk measurement and management products and services, today announced that the use of its CreditEdge software has enabled Bank Itau Europa to receive regulatory compliance approval from the Portuguese regulator.
As part of a growing number of regulatory requirements governing bank operations, such as Basel II and IAS/IFRS, Bank Itau Europa utilizes Moody's KMV's CreditEdge as a component of its internal credit models to demonstrate proper management of country-specific credit risk ...