Quadrant Risk Management (International), a leading supplier of enterprise risk and compliance solutions today announced that AB Parex Bankas (Lithuania) has chosen its SAB² solution for Basel II capital adequacy and compliance reporting.

London, UK, 1^st October 2007, Quadrant, a leading supplier of compliance and risk solutions, today announced that its B² Enterprise Risk Data Model will be incorporated into the HP Enterprise Risk Management solution, HP’s new business intelligence offering for risk and compliance.

The B² Enterprise Risk Data Model is a comprehensive industry data model for financial services and encompasses risk, compliance and business intelligence.

Quadrant Risk Management (International) today announced a Rapid Implementation Approach for the Basel II Standardised Approaches. It provides a Plan B for financial institutions with stretched internal compliance resources or those who are less than certain of their regulator’s response to their IRB plans.

Risk management house Quadrant Risk Management (International) Ltd has established an Offshore Development Centre (ODC) in Chennai (India) together with regional offices in India and Dubai to cover the Middle East, Africa and the Indian Sub-Continent.

The Mauritius Commercial Bank Ltd. (MCB) has implemented a comprehensive capital adequacy programme based around the Standardised Approach as defined under the Basel II Capital Accord. MCB are using Quadrant Risk Management (International) Ltd’s SAB² (Standardised Approach for Basel II) Capital Calculation and Reporting Tool in its new risk management systems and processes.

Quadrant Risk Management (International) today announced a new, innovative approach for Financial Service Providers requiring a low risk, rapid implementation for Basel II. “Basel II – Try it, Prove it, Install it” uses Quadrant’s B² or SAB² risk calculation and Basel II reporting engines for achieving Basel II compliance. The new service is available on the HP Integrity NonStop server.

Quadrant Risk Management (International) has advised the ABSA Group in 2006 on a broad range of risk and compliance areas including Basel II, Sarbanes-Oxley (SOX) and IAS 39.

Bankdata, outsourced services supplier to the Danish Banking Industry, is partnering with Quadrant Risk Management (International) to provide Basel II compliant solutions to their customers.

8 March 2007 – Quadrant announce that the Risk Consulting Division of Quadrant Risk Management International is providing consulting and advisory services to Man Group plc. The scope covers various aspects of Governance, Risk and Compliance for the Man Group in its brokerage division, Man Financial.

Paul Lockyear, Chief Operating Officer of risk management house Quadrant, believes there are lessons that financial services can learn from the military when formulating architectures, defining processes and building solutions for effective risk management. He discusses this in a White Paper, “Risk Intelligence Architecture: Learning from the Military”.