SAS Risk Data Aggregation and Reporting

SAS Risk Data Aggregation and Reporting is the solution of quality management of data. It is focused on banks, the credit and financial organizations.

The solution will help banks to provide the high level of management and to show to the regulator quality of this management, its high level.

On October 1, 2015 the SAS company announced an output to the market of the solution SAS Risk Data Aggregation and Reporting.

Risk Management representation: Risk Aggregation and Reporting (2014)

Prehistory of creation of a product - the introduction since October 1, 2015 owing to Provision of Bank of Russia No. 483-P "About a procedure of payments of value of credit risk on the basis of internal ratings" which is the next step on implementation of Basel standards, including provisions Basel-2 and the 239th document of Basel committee. This Provision will allow banks to pass to advanced approach to risk management on condition of observance of requirements of the regulator. For September 30, 2015 the decision on such transition was made by at least five largest Russian banks^[1].

According to Provision 483-P, since October 1, 2015 the largest Russian banks with assets more than 500 billion rubles will be able to define risks, based on internal ratings. Using own statistics and tools they can create rating models and with their help to determine risks by each specific partner more precisely.

For the aid to banks for acceleration of reaching the necessary level of compliance of quality of data in the spirit of the document of Basel committee No. 239, the SAS company developed the solution SAS Risk Data Aggregation and Reporting.

As a part of the program ready tools, metrics and methodologies for quality management of data, at the same time the product adapts under needs of each specific financial structure that saves from need of development of own methodology from scratch, as well as its subsequent validation. Implementing solution will help to achieve approval of transition to advanced approach from the Central Bank of Russia that for banks, finally, develops into decrease in the requirement to the capital and will lead to release of means.

"The solution gives to banks powerful evidential base in dialog with the Central Bank of Russia. Its use demonstrates that quality management processes of data in bank are conducted at very high level that, in turn, will influence adoption of the positive solution from the regulator on transition of bank to the advanced approach based on internal ratings", – Nikolay Filipenkov, the head noted risk management of SAS Russia/CIS.