About this paper
With systemic changes going on in the financial services industry, the constant drumbeat of new regulations continues to drive up costs while forcing banks to increase reserves and decrease leverage. Better risk taking will ultimately differentiate financial institutions from competitors, ensure survival and fuel growth in today’s global economy.
Risk management, based on reliable and timely enterprise data, is rapidly evolving to become an integral part of the financial services business – enabling faster decisions, addressing regulatory compliance, improving profitability and reducing costs. In the face of all the existential challenges and potential opportunity, BCBS 239 principles provide a solid foundation for data and analytics. And therefore, implementing them should be seen as a strategic investment.
SAS is the leader in analytics. Through innovative software and services, SAS empowers and inspires customers around the world to transform data into intelligence. SAS gives you THE POWER TO KNOW®.