The Consul InSight Suite - with its Basel II Compliance Management Module - provides risk and compliance officers with a centralised solution for collecting and measuring IT security operations across the enterprise.
The introduction of the Basel II standard places responsibility on organisations in the financial services industry to demonstrate the effectiveness of their risk management program across. Consul InSight's Basel II Compliance Management Module adds specific capabilities designed to meet the significant challenges raised by the standard, helping you to measure the interaction of the key aspects of operational risk - People, Information, Systems and Processes - and compare them to company and industry standards. The solution displays real-time and historical loss data through an IT security operations dashboard that enables you to provide IT security metrics on policy violations, security incidents, internal fraud and external risks - demonstrating compliance to Basel II and other regulations.