A centralized, web-based environment for reviewing and executing models; specifying scenarios; consolidating results into balance sheets, financial statements and capital plans; and generating internal and external reports.
Orchestrate all aspects of financial stress testing and credit loss reserving processes, and consolidate results from various systems.
Coordinate processes for stress testing, the new standard for insurance contracts, and credit loss reserving – start to finish.
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, IFRS 17 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 17, 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.
Explore More on SAS® Risk and Finance Workbench and Beyond
Check out some of our other risk management products and solutions.
- SAS® Expected Credit LossMeet the challenges of IFRS 17, IFRS 9, CECL and beyond with a centralized, flexible, high-performance analytics environment.
- SAS® Model Implementation Platform Quickly and efficiently execute a wide range of models used in bank stress tests and other enterprise-level risk assessments.