Basel II

Basel II specifications are concerned with operational risk resulting from failed internal processes, people and systems, or from external events. The higher the operational risk factor, the greater the amount of funds that must be reserved to cover the risk. IT operations and development processes raise operational risk issues for Basel II compliance since they are rarely defined, inconsistent, and undocumented. For Basel II, Aldon brings predictability to IT application development and operations, reducing overall the risk of not meeting the Basel II regulation.