Basel II: International Convergence of Capital Measurement and Capital Standards: A Revised Framework is a comprehensive set of banking standards compiled by the Basel Committee on Banking Supervision. The national banking overseers in many European countries seek to implement country-specific laws and procedures to meet the Basel II standards. To measure risk levels for a banking standards, Basel II mandates tracking of loss event data, which includes financial systems hacking, theft of data, and impersonation. To this end, Messaging systems offer a number of security features, such as those described in the previous paragraph, to minimize loss event data, and therefore, risk level measurements.
For any country in which Messaging is sold, there might be a need to inform customers about Messaging support for governmental regulations. In this case, the sales engineer or account executive should engage an Avaya legal officer, security specialist, or a compliance specialist to determine the specific ways in which Messaging might help the customer comply with regulations.