SAS in Leaders Quadrant for Basel II Risk Management

SAS has been positioned by Gartner, Inc. in the Leaders Quadrant in the ‘Basel II Risk Management Application Software Magic Quadrantⁱ' report.

According to the report, “leaders” are vendors that have a proven track record in Basel II vision and business investment, which indicates they are well-positioned for the future. Leaders do not necessarily offer the best products for every customer project, but they do provide solutions that offer relatively lower failure risk. Leaders in this market have paired advanced technology with broad offerings or have specific, rich functionality.

SAS solutions for credit risk managementand operational risk managementwere evaluated by Gartner for this Magic Quadrant.

"Gartner collected data from Basel II customers and references, which we believe makes SAS’ position on the execution axis even more important – we not only have a vision and strategy, we consistently deliver on them," says Peyman Mestchian, head of the risk intelligence practice for SAS in the Europe, Middle East and Africa (EMEA) region.

"SAS operates at both the platform and application levels and provides a truly end-to-end solution; the end-to-end nature of each solution is directly linked to our success in execution and delivery," continues Mestchian. "Our solutions assist firms in moving beyond Basel II toward an integrated enterprise-risk management platform."

The SAS solutions
Credit risk management solutions from SAS include SAS^® Credit Risk Management and SAS^® Risk Dimensions.

SAS Credit Risk Management is an open, extensible environment for retail credit scoring, corporate credit rating and credit portfolio risk management. It enables organizations to quickly and accurately calculate critical risk measures, such as probability of default, exposure at default, credit migration, regulatory capital, risk-weighted assets, credit value at risk and economic capital. It is transparent and auditable, facilitating supervisory review both internally and by external regulators, as required by Basel II.

SAS Risk Dimensions, a software solution for enterprisewide risk management, provides risk data management and reporting and credit, market and operational risk analysis techniques that give an organization almost unlimited perspective on its risk position.

Operational risk management solutions from SAS include SAS®OpRisk Monitor, a Web-based application that collects, manages, tracks and reports information about operational loss events, key risk indicators, risk-assessment maps and control-assessment scores; SAS^® OpRisk VaR, a sophisticated, yet user-friendly analytic VaR (Value at Risk) model that enables users to splice, dice, drill-down, adjust, trend and plot operational loss data at will, following a fully transparent, intuitive and sequential process; and SAS^® OpRisk Global Data, a comprehensive database of external loss data that enriches the statistical sample used for modeling, documenting more than 10,000 publicly reported operational loss events of $1 million or more.

Many global banks already use SAS solutions for Basel II compliance, including:

• Banca Nazionale del Lavoro, one of Italy’s leading banking groups.
• ERSTE Bank Group, a leading bank in Central Europe that serves more than 11 million customers in Austria, Czech Republic, Slovak Republic, Hungary and Croatia.
• Grupo Santander, the eighth largest bank in the world by market capitalization (see related story).
• Swedbank, one of the largest banking groups in the Nordic area.