Basel II Compliance

What is Basel II?
The Basel II Accord proposes methodologies for banks to calculate more accurately the capital provisions they should make against credit, commercial, and operational risk. Issued in June 2004, it replaces the outdated Basel I, which was adopted in 1988 and is currently used in more than 100 countries.

On July 16, 2008, federal banking and thrift agencies issued a final guidance outlining the supervisory review process for banking institutions that are implementing the new advanced capital adequacy framework (known as Basel II). The final guidance is aimed at helping banking institutions meet certain qualification requirements which took effect on April 1, 2008.

How do institutions comply with Basel II?
Basel II requires risk appraisal and control, in other words a risk management environment. In order to reduce operational risk, financial institutions must implement robust information security measures, including the protection of critical information traveling on the network. Information security measures must ensure the confidentiality and integrity of the institution's data, including protecting customer data from accidental or malicious disclosure.

How does CipherOptics help with Basel II compliance?
When you need to encrypt your data in motion, CipherOptics makes it easy. Whether you need to protect a single link, or your entire network, we eliminate the complexity of encrypting today's networks.

Our solutions combine standards-based, wire-speed encryption appliances with CipherEngine, the only policy definition and key distribution technology designed for multi-node networks. Together, they give you the highest level of data protection at the lowest total cost. CipherEngine gives you the power to protect data in motion wherever, however and whenever you want, without changes or disruptions to your network, your infrastructure, or your operations.

To see just how easy it can be to comply with the Basel II Accord, call 1-877-878-6655 or feel free to ask us a question

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