Technology: Technotes - Barclays Brings In New Radar.(Barclays Capital, service introduction)(Brief Article)

Banker, The, March, 2004

As pressure for regulatory compliance continues, Barclays Capital, the investment banking division of Barclays Bank, has selected the raft radar solution, from Raft International, a credit risk and operational risk management provider, to assist in managing operational risk and complying with Basel II and Sarbanes-Oxley regulatory requirements.

Barclays Capital said that initially it would implement four raft radar modules: incident management, control self-assessment, key management indicators and processes, and risks and controls.

Philip Scott, director of operational risk at Barclays Capital, said "We wanted a best practice solution that could take us beyond regulatory compliance. raft radar provides us with an integrated solution that can be...

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