Misys Banking Systems today announced that EBS Building Society has selected the Misys Basel II solution, following a competitive tender with all major risk vendors.  The new system will help the building society comply with new regulatory requirements, forming part of a strong capital management framework.

The new integrated system, to be implemented immediately, will enable EBS Building Society to gain a clearer insight into the effect of outlying risk scenarios and the impact of any new business. The Misys Basel II system brings three specific benefits: Fast implementation, consistent results across the bank's total risk management and the ability to meet the core regulatory requirements.

Fidelma Clarke, Head of Credit and Operational Risk at EBS Building Society comments “We are aiming to achieve Basel II accreditation with the Misys solution, as well as using the system for forecasting, stress testing and running economic scenarios."

“EBS chose Misys because they showed the best knowledge on Basel II, offered a strong solution and could demonstrate real implementation experience.”

Michel van Leeuwen, CEO, Risk Management, Misys Banking Systems explains, "We could not be happier with this new client.  This partnership reflects the strength of our Basel II expertise, a critical part of our strategy towards being recognised as the world's leading Enterprise Risk Management solution provider."