London-based financial services provider Barclays announced it is using SAS software and services to improve standards in how economic and regulatory capital is calculated and reported.
"We wanted to calculate both economic and regulatory capital for granular underlying assets across both retail and wholesale portfolios" says Rob Bishop, head of Capital Systems Development for Barclays Global Retail Bank. "SAS has enabled Barclays to calculate capital bottom up, providing better management information across many of its material portfolios. In addition the SAS Business Intelligence suite has enabled efficient distribution of capital results via the web."
Barclays also required a solution to support the transition from Basel I to Basel II.
The financial services provider has accumulated some 3 billion lines of data over 16 months of detailed asset information on line in the SAS solution.
“SAS enabled us to quickly and efficiently calculate capital consumption on the majority of those asset lines. As well as this calculation process we continue to develop our capital reporting capability. Given the volumes of data, the recent introduction of a sophisticated, aggregated reporting mart means we can now offer more advanced analytical capability and trend analysis back to our portfolio management teams” Bishop adds.