Oracle Adds Reveleus Liquidity Risk Management to Analytical Apps Suite
Oracle Financial Services has added Reveleus Liquidity Risk Management to its analytical applications suite. It has Basel III liquidity provisions and promotes sound operating practices by enabling clear identification and assessment of enterprise-wide liquidity risk under normal and extreme market conditions, as well as development of strategies to effectively bridge liquidity gaps.
With Oracle Reveleus Liquidity Risk Management, banks have a single solution that helps to ensure compliance with new and emerging regulatory requirements – including Individual Liquidity Adequacy Assessment Standards (ILAAS) of the Financial Services Authority (FSA) and Principles for Sound Liquidity Risk Management and Supervision (PSLRMS) of the Bank for International Settlements (BIS) – as well as an institutions’ own internal risk requirements.
“In an era of increased regulatory requirements – including the onset of Basel III – and heightened shareholder scrutiny, financial institutions are rethinking their approach to liquidity risk management. They are seeking solutions that enable them to proactively and centrally identify and assess risk under many types of market conditions, and develop effective plans for closing liquidity gaps,” said S Ramakrishnan, group vice president and general manager, Oracle Financial Services analytical applications. “Oracle Reveleus Liquidity Risk Management provides banks with the comprehensive information and insight required to efficiently and effectively focus on managing liquidity risk to the satisfaction of regulators, customers and shareholders alike.”