Oracle Introduces New Risk Management Offering to Help Financial Services Organizations Comply with Basel II and Capitalize on New Business Opportunit

http://www.oracle.com/global/be/corporate/press/2004_11_08_uk.html

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."