In a statement today, Chase Cooper Limited announced that it is acquiring 100% of the equity in dbs Financial Systems Limited to consolidate its position as the market leader in Compliance Solutions, particularly for Basel II Operational Risk.

Chase Cooper has been pioneering in the Operational Risk space to become the only supplier of a complete end-to-end Basel II compliant solution in the market.

The founders and directors of Chase Cooper, John Kiddy and Zag Asghar said, “We are in a market where there is still considerable uncertainty as to the most effective approach and execution of a Basel II solution for financial firms. We have de-mystified the key issues and provided our clients with a logical Basel II road map with practical business solutions that give genuine results rapidly. With our acquisition of dbs Financial Systems, the combined intellectual capital and solutions for Operational Risk makes Chase Cooper a formidable force in this market. We are delighted to welcome dbs Financial Systems into Chase Cooper and the positive contribution the company and its professionals will make as our Centre of Excellence for Operational Risk and business solutions development.”