Maintains an inventory of all documentation explaining stress testing and capital planning steps, including the approval chain, workflow orchestration, process outcomes and controls.
SAS Qualitative Assessment Manager provides comprehensive workflow capabilities for governing entire processes related to complying with Federal Reserve Supervisory Assessment of Capital Planning and Positions (SR 15-18/SR 15-19) and for related capital requirements processes for European and other international banks (Pillar 2 under Basel III). The solution also provides a central point of control for managing regulatory exams – from the beginning of the process through issue resolution – which facilitates the management, mitigation and resolution of any issues that arise through the self-evaluation process in preparation for a regulatory review.
The solution supports independent reviews for control testing – from data reconciliation to sensitivity analysis – enabling management to align stress-testing processes with internal governance and external regulatory requirements. This includes the posting of all evidence and artifacts related to each element of the control testing process.
SAS Qualitative Assessment Manager enables you to identify gaps in your methodology compared with regulatory expectations and industry best practices. And because CFOs, or an equivalent executive authority, must sign off on (or attest to) processes and reporting results that affect the bank’s financial statements, the solution supports a comprehensive process for executive assessment and attestation of the reporting data. For larger banks, attestation of stress testing results is a discrete process.
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