To help financial institutions comply with ICAAP requirements
Oracle Financial Services Software has launched the Reveleus ICAAP Analytics and Reveleus ICAAP Assessments solutions to help financial institutions comply with the ICAAP requirements under Pillar 2 of the Basel II accord.
Addressing all important components of the Internal Capital Adequacy Assessment Process (ICAAP) including risk assessment, risk monitoring, modeling, stress testing, risk aggregation and allocation as well as regulatory reporting, the solutions are an integral addition to the Enterprise Risk Management offering which includes Oracle Reveleus – Basel II, Market Risk, Operational Risk Economic Capital, Economic Capital Advanced and Asset Liability Management.
To help ensure that financial institutions possess adequate capital to meet current and future regulatory and economic capital requirements, Oracle Reveleus ICAAP provides capital planning capabilities to analyze baseline and stressed scenarios.
With Oracle Reveleus ICAAP Analytics and Oracle Reveleus ICAAP Assessments, institutions can reportedly estimate risk measures such as value-at-risk, conditional value-at-risk and unexpected loss across risk categories and then allocate these risk measures back across various lines of business.
S Ramakrishnan, CEO of Reveleus and Mantas products at Oracle Financial Services Software, said: Oracle Reveleus ICAAP furthers our industry-leading enterprise risk management offering for financial services and provides institutions with a holistic, enterprise-wide view of risk and capital management while simultaneously helping to achieve mandated regulatory compliance.