Basel II: Cooperation workshop with investment professionals

Basel II leads to a basically new orientation in the sector of credit financing. The minimum capital requirement will be determined by the individual risk profile of the single debtor. Rating compresses the risk profile into a single symbol and directly defines the cost of capital. As a result, rating has an impact on the costs of all credit types even if they are not marketable. Practitioners (Österreichische Volksbanken AG, Erste Bank und BAWAG) - dealing with these consequences of Basel II - define the cooperation issues, which are evaluated numerically by means of the software tool PMS. PMS is supported by COPS; the necessary data feed is provided by Reuters.