Punjab and Sind Bank is appointing a service provider to implement an enterprise-wide integrated risk management system for advances apporaches under RBI/Basel II and Basel III guidelines to cover credit risk, market risk and operational risk and to suitably make need based changes in the risk management practices in the bank. As part of the on-going process of introducing better risk management systems in the bank has proposed to implement the Advanced Approaches (Advanced Approaches include: Advanced Internal Rating based Approach/ Foundation Internal Rating based Approach for Credit Risk, Internal Models Approach for Market Risk and Advanced Measurement Approach for Operational Risk) under the revised capital adequacy framework (Basel II Norms) as per the RBI guidelines. Accordingly, in line with the RBI guidelines on New Capital Adequacy Framework, related guidance notes/ guidelines and BASEL II Norms, the bank proposes to set up systems and software for migrating to Advanced Approaches for Credit Risk Management, Market Risk Management and Operational Risk Management. The bank has sought proposals from service providers for implementing the risk management system as a turnkey project.
