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Memories of the recent financial meltdown and its impact on the financial health of FIs and the economy as a whole continue toremind decision makers about the existing gaps in the way risk is managed by banks. We are on the verge of a new regulatoryregime, where banks and financial institutions are looking beyond the traditional risk management approaches to a new,integrated risk management solution that caters not only to the regulatory monitoring & reporting requirements (Basel II & BaselIII) but also to preemptive risk management.
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