Risk Analysis and Capital Reporting Application to automate the data collection process, calculation, production and submission of routine regulatory reports
Client: European Bank
Objective
To help the client meet FINMA reporting requirements, gain visibility into capital position in periods of stress, and improve ERM stress testing.
CRISIL's Solution
- Created a reporting platform to automate the process of data collection, calculation, production and submission of FINMA quarterly reports
- Designed a method to provide commentary to risk metrics at various levels of the business hierarchy
- Provided customised reporting with flexibility of drill down, dynamic aggregation and grouping
Client Impact
- New platform allowed the client to meet FINMA regulatory requirement to report enterprise-wide quarterly stress losses for comparison with other risk measures impacting the firm’s capital adequacy
- Improved controls and transparency allowed the client to reduce restatements to regulators
- Automated system significantly reduced time and resources required to produce quarterly reports
- Improvements to stress-testing process provided a deeper understanding of the firm's capital position under stress