The updates from SAS’ conference in Antwerp
are not ending yet. The vendor has now announced that it has ramped
up its risk management solution SAS Risk Management for Banking to
address increasing regulatory requirements including Basel III and
Solvency II.
In terms of Basel
III, lenders require to deploy an integrated risk
management framework to remove silos and provide a holistic view of
their operations.
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According to SAS, its latest product release
enables banks to comply with the Basel
III requirements on liquidity and liquidity risk analysis.
The foundation for SAS Risk Management for
Banking is an integrated data structure for all applications. A
banking-specific data model, SAS Detail Data Store for Banking, is
the single source of information for the risk data warehouse.
Lenders to deploy the SAS solution include
Denmark’s largest bank by assets, Danske.
Simon Haldrup, Danske vice president, who
heads up the lender’s risk and capital management unit, said
in a statement:
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By GlobalData“We are working on developing a better
interaction between the bank’s risk experts and the bank managers,
as well as the interaction between IT and business in this
area.
“One important element is that we are able to
manage all parts of our calculations and develop, change and
understand the analysis behind the figures ourselves.”
He said that the long-term goal at Danske is
to build a risk-conscious culture in the bank.
“We have to be razor-sharp on recognising and
understanding the risk we are exposed to.
“Basically, it is about telling the good
customer from the bad customer, and knowing the risk-adjusted
profitability of the customer. We can measure and analyse it, and
we have to move in that direction.”
Belgian lender KBC has also deployed SAS Risk
Management for Banking to provide a central, groupwide risk
reporting solution and help address Solvency II guidelines.
