Lloyds TSB unit selects Reveleus Basel II solution

The securitisation team of Lloyds TSB has selected i-flex Solutions' Reveleus Basel II solution to meet the capital adequacy requirements as prescribed in the Basel II accord.

According to a release issued by i-flex Solutions to the BSE today, the Reveleus Basel II solution's implementation will help the Lloyds TSB securitisation team to bring policies and methodologies in accordance with the standards outlined by the Financial Services Authority (FSA).

"We are thrilled to have the opportunity to enhance our current relationship with Lloyds TSB, and assist them to meet the challenges of Basel II," S Ramakrishnan, CEO of Reveleus, said.