Oracle Financial Services has introduced Enterprise Stress Testing & Capital Planning Analytics, an enterprise-wide reporting application.
With the help of the new application, financial institutions will evaluate the impact of adverse scenarios on risk and performance, improve capital management as well as strategic planning.
The new application will offer regulatory templates designed to address stress testing requirements as per the Dodd-Frank act.
The new release will allow financial institutions to calculate the amount of stressed capital on an income statement and integrate with the finance function as well as the capital planning process.
It will project profit and loss, income, balance sheet, and capital based on the same scenarios.
The new application will help financial institutions to comply with reporting requirements for multiple jurisdictions including BIS, UK Financial Services Authority (FSA), US Federal Reserve and Australian Prudential Regulation Authority (APRA).
Oracle Financial Services Analytical Applications group vice president and general manager S. Ramakrishnan said that the new application enables a holistic approach to stress testing.
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"It helps banks efficiently comply with both management and regulatory reporting while providing a single, consistent view of current and future financial and risk metrics across baseline and stress conditions thereby providing actionable insight to the capital management process."
The application also supports a set of pre-built dashboards and reports designed to support compliance with the reporting requirements of various regional regulations and governing bodies around enterprise stress testing, including: Basel III Pillar I
Internal Capital Adequacy Assessment Process (ICAAP, US Comprehensive Capital Analysis and Review (CCAR).
