SAS helps banks clear regulatory hurdles through integrated capital planning
SAS® Capital Planning and Management saves time, increases efficiency for finance, treasury and risk teams
24 January 2014 - Regulations require banks to annually ensure that they have a comprehensive plan to mitigate risks and confirm sufficient capital to withstand economic stress. SAS Capital Planning and Management makes it easier with proactive, consolidated capital planning that saves time and boosts efficiency.
"The new SAS solution is paving the way for banks to improve regulatory compliance with better risk and financial data integration while offering smooth interoperability with third-party systems," said Alex Kwiatkowski, Head of Financial Insights Europe, IDC Financial Insights. "SAS Capital Planning and Management empowers banks with a powerful and straightforward way to manage business process workflow and includes a detailed capital planning framework to help deliver immediate increases in operational performance."
Banks can use SAS Capital Planning and Management within the finance department for a consolidated planning process that integrates treasury, strategy and risk data. This integration pulls capital allocation, optimisation and planning under one solution. Now armed with the same risk data, finance teams can build reliable planning and stress testing scenarios while the treasury group can meet economic and regulatory capital funding requests in real time. The solution can easily evaluate an institution's long-term viability under different potential strategies and stress scenarios.
SAS Capital Planning and Management acts as the central conduit to gather input from different lines of business, so treasury, risk and credit teams can run calculations to support regulatory requirements such as Basel III and Comprehensive Capital Analysis and Review (CCAR). SAS Capital Planning and Management can also summarise data and provides custom-built forms for capital planning teams.
SAS delivers a holistic environment for risk and financial reporting for improved decision making, regulatory transparency and compliance. By combining people, processes and technology, the business process management workflow simplifies the creation, sequencing and automation of tasks. SAS Capital Planning and Management accelerates consistent and auditable processes with on-demand calculations to meet regulatory reporting requirements.
"In the wake of the financial crisis, banks have had to adapt and comply with reforms focused on capital adequacy. For many organisations, Basel implementations have been challenging and costly. But smart banks are implementing environments that tightly integrate bank-wide data from both risk and finance systems to facilitate compliance and enable capital planning practices that drive real business benefits," said Vincent Kilcoyne, Capital Markets Industry Lead at SAS UK & Ireland.
"SAS Capital Planning and Management helps banks align strategies across risk, capital and regulatory compliance for more efficient capital planning."
Read more about the benefits of an integrated solution in Capital Management for Banking: The Dawn of a New Era.
SAS is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. Through innovative solutions, SAS helps customers at more than 65,000 sites improve performance and deliver value by making better decisions faster. Since 1976 SAS has been giving customers around the world
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