The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

SAS Combines Software Modules to Deliver Capital Management Solution

SAS has packaged two of its existing software modules to deliver SAS Capital Planning and Management, a solution designed to help banks meet regulatory and internal capital management requirements quickly and efficiently.

The package combines SAS Financial Management with specific capabilities added for capital planning, such as calculation rules and capital allocation, with SAS Operations Research, which supports the optimisation of capital allocation. It also includes a slice of SAS intellectual property. Both SAS Financial Management and SAS Operations Research are mature technologies with more than 10 years of continuous development and broad customer bases beyond the financial services sector.

The SAS capital management solution has been in development for about a year and was brought to market early this year. To date, it has attracted 15 active prospects in the US and a similar number in Europe.

Vincent Kilcoyne, capital markets specialist at SAS, explains: “We recognised that capital management covers multiple disciplines including finance, risk and operations, so we brought them all together in a single environment. Our customers often have to rely on extensive work by their IT departments to run stress tests and simulations, but we have included them in SAS Capital Planning and Management and enable users from departments such as finance, treasury, risk and strategy to access information they require for the purposes of capital management.”

The solution is data agnostic and includes adapters for data federation. It can scale to meet banks’ requirements and can work with sophisticated third-party analytical models as well as integrate additional SAS analytical functionality.

Looking at risk weighted assets from a market risk perspective, for example, Kilcoyne says the capital management software can calculate capital requirements in one or two hours, saving banks time and sometimes lowering capital requirements. In terms of regulation, he notes US Comprehensive Capital Analysis and Review regulation as a driver for adopting capital management solutions, as well as forthcoming Basel III regulation in Europe.

Related content

WEBINAR

Upcoming Webinar: Managing LIBOR transition

Date: 20 April 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes The clock is ticking on the decommissioning of LIBOR towards the end of this year, leaving financial institutions with little time to identify where LIBOR is embedded in their processes, assess alternative benchmarks and reference rates, and ensure a...

BLOG

Lombard Odier Selects Bloomberg to Streamline Risk Management Processes

Lombard Odier Investment Managers, the asset management business of the Lombard Odier Group, has adopted Bloomberg’s PORT Enterprise solution to support portfolio and risk management across multiple assets classes. Lombard Odier IM is a long-standing client of Bloomberg’s order management system AIM, and first integrated PORT Enterprise back in 2019 to support performance attribution and...

EVENT

Data Management Summit Virtual

The Data Management Summit Virtual will bring together the global data management community to share lessons learned, best practice guidance and latest innovations to emerge from the recent crisis. Join us online to hear from leading data practitioners and innovators from the UK, US and Europe who will share insights into how they are pushing the boundaries with data to deliver value with flexible but resilient data driven strategies.

GUIDE

RegTech Suppliers Guide 2020/2021

Welcome to the second edition of A-Team Group’s RegTech Suppliers Guide, an essential aid for financial institutions sourcing innovative solutions to improve their regulatory response, and a showcase for encumbent and new RegTech vendors with offerings designed to match market demand. Available free of charge and based on an industry-wide survey, the guide provides a...