About this paper
Every year banking regulators increase their demands with more complex scenarios, enhanced governance requirements and more scrutiny of results. This shifting regulatory landscape leaves banks unsure how to go about their business and concerned that their current processes and systems are no longer adequate. In the short term, it’s fundamentally about compliance. Then banks need to be in a position to generate longer-term business value – something that can be achieved by having a clearer understanding of risk exposure across the business. This is why many businesses are beginning to use sophisticated model management factories, scenario testing engines and governance models. As illustrated in this issue of Intelligence Quarterly, its now possible to reduce the manual effort required to appropriately inventory, manage, document, communicate, monitor and audit all of a bank’s models – as well as easily share information for effective top-down model risk reporting. It’s possible to ease the burden of regulatory reporting. And it’s possible to move beyond just compliance and enable the bank to take a longer-term, strategic view. Download the rerport to learn how analytics can turn these possibilities into reality.
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