Orchestrate all aspects of financial stress test and credit loss reserving processes, and consolidate results from various systems. A centralized, web-based environment lets you review and execute models, specify scenarios and consolidate results into balance sheets, financial statements and capital plans, as well as generate internal and external reports.
Orchestrate the entire stress test and credit loss reserving processes.
A visual user interface and workflow component serve as a central hub for coordinating all technologies and processes related to risk and finance projects, including model selection, scenario specification and template design. An embedded process management capability enables you to define workflows, timelines and approval paths, as well as attach documents and track approvals and comments for each step of the process. There's no need to maintain a separate workflow engine for financial stress testing or IFRS 9/CECL, eliminating compatibility issues.
Quickly integrate risk and finance data.
Easy creation of templates for banking balance sheets, income statements and capital plans take the complexity out of integrating risk and finance data. Financial hierarchies are fully integrated into the system, so it's easy to map and aggregate values among different financial hierarchies. Centralized management of reporting and mapping hierarchies streamlines the process of translating financial stress test results into meaningful forecasts and capital plans.
Ensure transparency, auditability and repeatability.
The SAS Risk and Finance Workbench links to other components of the SAS system through a common risk data repository and your institution's model inventory. This ensures financial stress test, IFRS 9/CECL and supervisory reporting process transparency, auditability and repeatability throughout the financial stress test process across all types of risk – market, credit and liquidity.
Specify custom financial stress test scenarios.
A web-based scenario manager enables you to specify, run, edit and store scenarios in a central location. You can interactively specify custom, ad hoc scenarios, as well as import and enrich scenarios provided by regulators. Having a central location for scenario specification and storage facilitates collaboration between finance, treasury and risk, and adds transparency to the scenario generation process.
Prepare data for reporting, and stay in compliance.
With filing packages, you can use taxonomies and templates to collect data, run quality checks and prepare information for supervisory reporting. Financial institutions can easily submit reports as part of the FINREP and COREP frameworks required by the European Banking Authority.
- Process orchestration. Provides a single user interface for orchestrating all processes related to financial stress testing, enabling auditability, transparency and repeatability.
- Model execution. Allows risk and finance models to be designed, integrated and executed, with optional business assumption for what-if analysis.
- Results consolidation. Maps quantitative stress testing results to the financial models that create projected balance sheets, income statements and capital plans. Fully integrated financial hierarchies make it quick and easy to map and aggregate values between risk and finance hierarchies, and hierarchies between various regulatory reports.
- Integration of risk and finance. Streamlines the process of translating financial stress test results into meaningful forecasts and capital plans.
- Scenario specification and enrichment. Centralizes scenario specification and storage for collaboration between finance, treasury and risk to add consistency to the stress testing process.
- Filling packages. Delivers content for supervisory reporting preparation with data collection, report templates, validation rules and submission file generation.