Oracle (Redwood Shores, Calif.) has rolled out a new version of its Reveleus risk management solution designed to help banks comply with the Internal Capital Adequacy Assessment Process (ICAAP) requirements under Pillar 2 of the Basel II accord. Oracle Reveleus ICAAP Analytics and Oracle Reveleus ICAAP Assessments are being offered to banks to create an integrated view of risk and capital management to help improve performance and comply with regulatory requirements. The solutions are an addition to the company's Enterprise Risk Management offering, which includes Oracle Reveleus - Basel II, Market Risk, Operational Risk Economic Capital, Economic Capital Advanced and Asset Liability Management.
Oracle has combined ICAAP Analytics and ICAAP Assessments to help banks better identify and manage risk and capital across the entire organization. The company says the solution addresses all major components of ICAAP including risk assessment, risk monitoring, modeling, stress testing, risk aggregation and allocation as well as regulatory reporting.
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. Analytics and Assessments 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.
Reveleus ICAAP Analytics includes a set of pre-configured dashboards and reports that can help provide senior management with an enterprise-wide and risk integrated decision-making platform for capital management and performance.
The company says Reveleus ICAAP Analytics and Reveleus ICAAP Assessments are designed to provide a process-driven and workflow-based approach for risk identification and materiality assessment.