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 analytics, business intelligence and data management software and services, SAS helps customers at more than 83,000 sites make better decisions faster. Since 1976, SAS has been giving customers around the world THE POWER TO KNOW®.