Oracle Financial Services and Insurance Forum, New York February 21, 2013
To help financial institutions meet today’s growing risk management and compliance requirements, Oracle Financial Services has expanded its Oracle Financial Services Enterprise Risk Management suite to include a new model risk management solution, as well as enhanced offerings for regulatory capital management and credit risk management.
Oracle’s Enterprise Risk Management suite, part of the Oracle Financial Services Analytical Applications family, provides a single, unified platform that helps today’s financial institutions meet increasingly complex compliance requirements and performance objectives. The end-to-end platform enables financial services organizations to effectively identify and manage risk to support their risk-adjusted performance objectives, promote a proactive risk management culture and mitigate the costs of compliance.
Oracle Financial Services Model Risk Management
To meet evolving regulatory mandates, financial institutions require a comprehensive view of risks associated with inaccurate or improperly applied financial and business models. Many firms are struggling to achieve this transparency because they continue to manage their models in siloed environments.
Oracle Financial Services Model Risk Management provides a common environment to manage all risks associated with the use of models, including risks arising due to poor data quality, incorrect or inappropriate use, design flaws, incorrect implementation and unauthorized access.
The solution delivers a single repository for all model information across the enterprise, includes pre-built dashboards to jump start benefits and provides drill-down capabilities for in-depth insight.
This application provides a common environment to manage risks associated with the use of models including risks arising due to data quality, incorrect or inappropriate usage, design flaws, incorrect implementation and unauthorized access.
The solution helps firms to improve governance around the use of models through a comprehensive, structured and consistent framework for periodic assessment and validation of models across categories.
Oracle Financial Services Credit Risk Management
To gain a full understanding of credit risk and respond effectively, financial institutions must be able to rapidly identify and analyze emerging portfolio issues across the enterprise. In many firms today, data is dispersed across multiple risk applications, impeding visibility into potential risk across the entire organization.
Oracle Financial Services Credit Risk Management provides a single, consistent view of portfolio credit risk across an organization including product types, lines of business, geographies and legal entities by combining results from multiple sources (capital adequacy systems, modeling applications, trading systems and external data). The application enables risk managers and c-level executives to quickly and comprehensively identify and evaluate portfolio risk from a top-down enterprise view of metrics.
The comprehensive solution includes components for wholesale and retail credit risk, as well as a counterparty credit risk module that provides detailed analysis of credit risk on derivative exposures.
Pre-built reports covering credit quality, reserves and allowances, delinquency, new business, risk mitigation, capital requirement, collections and more along with ready-to-use dashboards, put valuable insight in the hands of risk professionals as well as line of business managers, enabling firms to get immediate value from the solution.
Oracle Financial Services Credit Risk Management also supports virtually seamless integration with other Oracle Financial Services Enterprise Risk applications, including Oracle Financial Services Loan Loss Forecasting and Provisioning, Oracle Financial Services Economic Capital and Oracle Financial Services Basel Regulatory Capital, designed to deliver a comprehensive view that eliminates the need to download and collate information from multiple applications.
Oracle Financial Services Basel Regulatory Capital Version 6.0
The newest release of Oracle Financial Services Basel Regulatory Capital offers a complete solution for Basel III compliance, covering multiple risks, portfolios and asset classes. It enables financial institutions to quickly achieve Basel III compliance with a ready-to-use analytical solution.
Version 6.0 includes functionality to address Basel III leverage ratio, capital adequacy and capital buffers. Enhancements include new/modified rules for computation of credit valuation adjustment (CVA) capital charge, re-securitization charges, minority interests, deferred tax assets (DTAs) and revised criteria for available capital.
The application is designed to enhance strategic decision making by enabling a consolidated view with drill-down capability to enable granular analysis of capital adequacy under baseline and stressed scenarios.
“Today’s financial institutions need a comprehensive understanding of their risk-return to make strategic decisions that strengthen competitive advantage, reduce the overall cost of compliance and enhance long-term customer value,” said S. Ramakrishnan, group vice president and general manager, Oracle Financial Services Analytical Applications. “The Oracle Financial Services Enterprise Risk Management suite is built to meet these requirements. The platform delivers a consolidated view of risk across the enterprise, enabling firms to make faster and more informed strategic capital decisions.”
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