ALCHEMY
LAUNCHES BASEL II PRACTICE
1st
February 2005
Karachi,
Pakistan - Alchemy Associates today announced
the launch of a new Basel II practice providing consulting
and engagement support and technology solutions to regional
banks. As part of the new practice Alchemy will provide
expertise for :
-
Basel
II gap analysis and assessment
-
Independent
review of financial, credit and operational risk management
setups
-
Benchmarking
and performance improvement for Financial Risk Management
Groups
-
Risk
Adjusted Return, Risk Based Capital and Risk based
pricing paradigms
-
Basel
II implementation support
-
Technology
solutions for Market and Operational Risk as per Basel
II requirements
Jawwad
Farid, the Chief Executive at Alchemy Associates on the
occasion said, “Given the recent Basel II road map
announcement by State Bank of Pakistan requiring banks to
come with an implementation plan for Basel II by 31st December
2007, there has been an immediate spike in the demand for
Basel II expertise. We are very fortunate that we have been
working in this area for some time now on both consulting
and technology fronts and are ideally positioned to benefit
from current demand”
Alchemy
Associates is a boutique risk management and actuarial consulting
firm with 20 employees and a growing portfolio of blue chip
customers in Pakistan and Middle East.
Basel
II is a round of deliberations by central bankers from around
the world, under the auspices of the International Bank
of Settlements in Basel, Switzerland, aimed at producing
uniformity in the way banks and banking regulators approach
risk management across national borders.
-end-
For
additional information about the firm, please contact:
Jawwad
Farid/Mujtaba Iqbal
Alchemy Associates
103 – 104 Amber Estate
Main Shahrah-e-Faisal, Karachi 75350, Pakistan
Tel: +92 21 4535712
Fax: +92 21 4546291
Email:
jawwad@alchemya.com,
mujtaba@alchemya.com
Website: http://www.alchemya.com
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