Helps financial institutions quickly and accurately calculate Basel III required ratios
Moody’s Analytics, a leader in risk measurement and management, today announced the launch of RiskAuthorityTM, its next generation regulatory capital management solution. A comprehensive Basel I, II, and III compliance solution, RiskAuthority enables risk professionals to calculate, consolidate and report their organization’s credit, market, operational, concentration and liquidity risk.
Developed specifically for banks, credit institutions and clearing houses, RiskAuthority calculates regulatory capital, leverage and liquidity ratios and displays the results in a flexible and intuitive manner. RiskAuthority’s integrated risk platform helps financial institutions comply with regulations by centralizing Basel III capital and liquidity risk data. Its solution’s built-in data quality and audit capabilities provide clean, consistent and transparent data.
“Regulations are challenging financial services companies to reassess their current data, analytics, and reporting infrastructure,” says Jodi Alperstein, Managing Director, Product Management at Moody’s Analytics. “From sourcing and consolidating the data, to delivering enhanced regulatory reports on time, banks are under ever growing pressure to comply. RiskAuthority offers a flexible and timely solution that will help them meet these challenges, while delivering streamlined processes and greater risk insight.”
RiskAuthority offers more than 2,000 pre-configured reporting templates satisfying group and multi-jurisdiction reporting requirements for over 50 national supervisors. Users can customize their regulatory reports and import results from other systems.
“Stricter regulations are causing financial institutions to take a more integrated view of their credit and liquidity risks. Solutions that help financial institutions streamline their regulatory data and deliver consistent regulatory calculations and reports will be in demand,” said Peyman Mestchian Managing Partner at Chartis Research, a leading provider of research and analysis on the global market for risk technology.
A key benefit of RiskAuthority is its open architecture, which works with existing data source systems for smoother data extraction and loading. RiskAuthority’s flexible data layer allows customers to expand the number of users and data volumes, and integrate into any additional upstream and downstream systems. The modular enterprise risk management platform also offers an integrated solution for regulatory and economic capital, ALM, liquidity risk, origination and stress testing.