An overview for CIOs of the provision and management of IT services at a level that addresses the risk management issues raised by the Basel Committee's New Capital Accord expected to become effective during 2006. Because of the dependence financial institutions have on IT services, the accord requires adequate provision to assure the availability of these services. Centauri Business Service Manager is presented as the solution: one that allows a CIO to assess current risk levels, measure ongoing risk and support a process of ongoing improvement to reduce this risk. Furthermore, Centauri provides the financial institution with a cost-effective balanced scorecard to improve decision-making.
method for event resolution nsm
II, and is a method for validating a risk measurement system in relation to actual operational loss events. According to Basel II, Internal loss data is most relevant when they are clearly linked to a bank''s current business activities, technological processes and risk management procedures Centauri creates these important links, tracks the data as it emerges from disparate sources, and integrates that data into the institutions reporting systems. This creates a clear record of historical data that is v