The new software enables financial institutions to manage between risk and returns
Oracle Financial Services Software has announced the availability of a new version of Oracle Reveleus Market Risk software.
According to the company, Oracle Reveleus Market Risk provides new and expanded modeling, analysis and reporting capabilities that help financial institutions effectively view and manage the balance between risk and returns, as well as comply with increasing regulatory and reporting requirements across multiple jurisdictions.
Delivering a single solution for an institution’s regulatory as well as internal risk management requirements, Oracle Reveleus Market Risk provides a clear view of risks and returns using multiple measures such as value-at-risk, conditional value-at-risk across a wide range of financial instruments, including elaborate derivatives, the company added.
Oracle Reveleus Market Risk is an integral component of the Oracle Reveleus Enterprise Risk Management suite, which also includes Oracle Reveleus Asset Liability Management and Oracle Reveleus Basel II.
S Ramakrishnan, CEO of Reveleus and Mantas products at Oracle Financial Services Software, said: The new release of Oracle Reveleus Market Risk provides a comprehensive solution that enables financial institutions to manage all of their internal and regulatory market risk requirements – from risk measure estimation to stress testing to model validation – using a single solution, reducing IT complexity and enabling a more complete view.