De Meern, 8 november 2004 – Oracle heeft Oracle® Regulatory Capital Management aangekondigd. Deze nieuwe oplossing is ontworpen om financiële dienstverleners te helpen om aan de vereisten van the Bank for International Settlements (BIS) Third Consultative Paper (Basell II of het Akkoord), die op 1 januari 2007 van kracht zullen zijn, te voldoen. Het aanbod kan ook financiële instellingen helpen om met Basel II hun winstgevendheid te vergroten.
Met Oracle Regulatory Capital Manager, onderdeel van Oracle’s uitgebreide aanbod van risicomanagement-tools, kunnen financiële dienstverleners de vereiste gegevens onder Basel II verkrijgen en analyseren, en vervolgens het door het akkoord vereiste kapitaal berekenen door het gebruik van één van de methodes die in het akkoord beschreven zijn. Financiële dienstverleners kunnen ook berekeningen en gegeven analyseren, bewerken en bekijken om hen te helpen bij het bereiken van een optimale regulatory-capitalstrategie. Het aanbod biedt naast ad-hoc rapportagemogelijkheden ook standaardrapporten die instellingen snel en gemakkelijk regulatory-capitalgegevens laten zien en hen helpen om aan de verplichte externe rapportagevereisten te voldoen.
Hieronder treft u het volledige persbericht aan:
Oracle Introduces New Risk Management Offering to Help Financial Services Organizations Comply with Basel II and Capitalize on New Business Opportunities
Oracle previewed its Oracle Regulatory Capital Manager, a new offering designed to help financial services providers comply with the Bank for International Settlements (BIS) Third Consultative Paper (Basel II or the Accord) requirements, scheduled to take effect January 1, 2007. The offering can also help financial institutions to leverage Basel II to increase profitability.
Comprehensive Approach to Risk Management
Oracle Regulatory Capital Manager, a pillar of Oracle’s comprehensive set of risk management tools, allows financial services organizations to capture and analyze the data required under Basel II, and subsequently calculate regulatory capital using any of the methods prescribed by the Accord. Financial services institutions can also analyze, edit and review calculations and data to help them in pursuing their optimal regulatory capital strategy. In addition to ad-hoc reporting capabilities, the offering provides out-of the box reports that let institutions quickly and easily view key regulatory capital data and helps them meet mandatory external reporting requirements.
“Our vision for Oracle Regulatory Capital Manager extended beyond delivering a basic tool to help financial services organizations achieve baseline Basel II compliance,” said Alan Payne, vice president, Oracle Asia Pacific. “Instead, we designed a broad, highly flexible product that enables financial institutions to incorporate risk management into their daily business processes as a driver for improved business intelligence and performance. For example, out-of-the-box integration with other Oracle E-Business Suite applications, such as Oracle Performance Analyzer and Oracle Funds Transfer Pricing, allows financial institutions to use regulatory capital results to determine account, customer, business unit and product profitability measures on a risk-adjusted capital basis. The integration with Oracle Internal Controls Manager, another Oracle E-Business Suite application, allows financial services companies to leverage their regulatory investment to decrease regulatory capital and compliance costs even further.”
Winning Combination
Oracle also announced that Oracle Consulting Services, as well as Deloitte MCS Limited in the United Kingdom (“Deloitte Consulting-UK”) and Deloitte Consulting LLP in the United States (“Deloitte Consulting-US”), are Oracle’s preferred implementers of the Oracle Regulatory Capital Manager.
In implementing the offering in their markets, both Deloitte Consulting-UK and Deloitte Consulting-US provide a deep functional understanding of Basel II along with experience in gap analysis between product feature/functions and prospective customers’ existing environments. They also bring project/program management, systems implementation and application configuration testing capabilities to their relationships with Oracle.
Components
Oracle Regulatory Capital Manager is built on Oracle’s comprehensive Enterprise Management Foundation, which incorporates enterprise wide data into a single data store. This approach facilitates making enterprise information internally consistent and readily accessible. The platform also enables independent software vendor (ISV) applications running on Oracle technology to receive and update information to maintain its accuracy.
Oracle significantly enhanced its Enterprise Management Foundation to help companies address Basel II requirements. Enterprise Management Foundation collateral tables, for example, now hold all necessary information for incorporating adjustments to Risk Weighted Assets (RWA) under the Basel II framework. In addition, Oracle has seeded the platform with required Basel II data categorizations, such as operational risk business lines, product and transaction types, rating types, customer types and asset classes.
Oracle Regulatory Capital Manager complements Oracle’s other risk management products – including Oracle Internal Controls Manager, which enables executives, controllers, internal audit departments and external auditors to document and test internal controls and monitor ongoing compliance. It also enables financial organizations to simultaneously track and monitor risks from multiple compliance environments, such as Sarbanes-Oxley and ISO 9000, in addition to Basel II.
Availability
Oracle Regulatory Capital Manager will be available by early 2005.
About Oracle
Oracle (NASDAQ: ORCL) is the world’s largest enterprise software company. For more information about Oracle visit our Web site at www.oracle.com.
Trademark
Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte,” “Deloitte & Touche,” “Deloitte Touche Tohmatsu,” or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
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