Citigroup adopts Reveleus' Basel II solution
Citigroup is to implement the Reveleus Basel II solution to support the global bank's US and international regulatory requirements under the Basel II Accord.
The Reveleus Basel II solution was selected after an extensive evaluation process over the course of nine months. The solution will be implemented across all lines of business at Citigroup, according to Subramanian Ramakrishnan, the CEO of Reveleus.
He said Citigroup would be rolling the solution out from a central point to all its business lines and local regions. "Citigroup wanted a solution that would cope with the bank's diverse geographic locations and the complexity of the business units,"
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