Enterprise-wide Reporting Application Helps Facilitate Compliance with Dodd-Frank and Basel Requirements and Expand Insight into Capital Management
Redwood Shores, Calif. – Aug 9, 2012
Oracle Press Release
News Facts
Oracle
Financial Services today introduced Oracle
Financial Services Enterprise Stress Testing & Capital Planning Analytics,
an enterprise-wide reporting tool that helps financial institutions assess the
impact of adverse scenarios on their risk and performance, improve capital
management and strategic planning, while efficiently facilitating compliance
with emerging regulatory requirements around stress testing.
Oracle Financial Services Enterprise Stress Testing &
Capital Planning Analytics provides out-of-the-box regulatory templates
designed to address stress testing requirements mandated by the US Federal
Reserve as part of the Dodd-Frank regulations.
The application also supports a comprehensive set of
pre-built dashboards and reports designed to support compliance with the
reporting requirements of various regional regulations and governing bodies
around enterprise stress testing, including:
- Basel III Pillar I
- Internal Capital Adequacy Assessment Process (ICAAP
- U.S. Comprehensive Capital Analysis and Review (CCAR)
Financial institutions can now manage capital planning by
capturing and reporting the potential impact of adverse scenarios on risk and
performance metrics. This can also be applied across the planning horizon based
on the same stress scenarios thereby helping organizations facilitate
consistency and comparability between the various metrics.
Oracle Financial Services Enterprise Stress Testing &
Capital Planning Analytics provides on-demand reporting for multiple risk
scenarios, giving financial institutions a single, consistent view of income
statements, balance sheets and risk measures under baseline and stressed
conditions. It can also compare results across scenarios, helping organizations
identify potential risks affecting the enterprise as a whole and manage them
efficiently.
Financial institutions can use the same scenarios to project
profit and loss, income and capital to drive consistency in the capital
planning process.
A 360-degree view of enterprise-wide data helps eliminate
silos and facilitate efficient regulatory compliance, helping financial
institutions to concurrently comply with reporting requirements for multiple
jurisdictions, including the UK
Financial Services Authority (FSA), U.S.
Federal Reserve and Australian
Prudential Regulation Authority (APRA).
