24 January 2018
visit www.ebaday.com

SAS releases credit risk module

27 April 2004  |  3331 views  |  0 SAS releases credit risk module

SAS has shipped a new software package for managing credit risk exposures in line with Basel II requirements.

The new product, SAS Credit Risk Management, is billed as "a comprehensive solution capable of performing credit data management, credit scoring, credit portfolio risk management and providing a credit risk dashboard".

SAS says the package helps organisations to assess the risk of potential credit losses both on the counterparty level and on the portfolio level, meet reporting and risk disclosure requirements and calculate both regulatory capital and economic capital.

In a recent report by Financial Insights, spending on default probability and loss given default systems is estimated to be $893 million in 2004, growing to $1,876 million in 2009 - a compound annual growth rate of 16%, or roughly four times the rate of overall IT spending in the industry.
KeywordsBASEL

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

IBM aims at four billion dollar Basel market

IBM aims at four billion dollar Basel market

16 March 2004  |  6207 views  |  0 comments
Merrill Lynch licenses SAS for risk management

Merrill Lynch licenses SAS for risk management

17 December 2003  |  4970 views  |  0 comments
RBC Financial licenses SAS for AML compliance

RBC Financial licenses SAS for AML compliance

20 November 2003  |  4364 views  |  0 comments
SAS secures AML deal with BB&T; advances compliance plans

SAS secures AML deal with BB&T; advances compliance plans

18 November 2003  |  3836 views  |  0 comments
Bank of America fights money laundering with SAS

Bank of America fights money laundering with SAS

27 October 2003  |  4793 views  |  0 comments
Operational risk losses cost banks $120 million annually

Operational risk losses cost banks $120 million annually

08 September 2003  |  9227 views  |  0 comments
Lloyds TSB live with SAS' Risk Management for Banking

Lloyds TSB live with SAS' Risk Management for Banking

01 September 2003  |  7464 views  |  0 comments
Absa upgrades SAS predictive analytics

Absa upgrades SAS predictive analytics

08 July 2003  |  4200 views  |  0 comments
SAS acquires principal assets of OpRisk Analytics

SAS acquires principal assets of OpRisk Analytics

19 June 2003  |  3955 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.thomsonreuters.infovisit www.ebaday.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Banks shift priorities toward growth, digitisation and innovation - surveyBanks shift priorities toward growth, digi...
9780 views comments | 38 tweets | 48 linkedin
Standard Chartered establishes fintech innovation and investment unitStandard Chartered establishes fintech inn...
9487 views comments | 14 tweets | 14 linkedin
Sbanken opens developer portal and invites customers to build their own digital bankSbanken opens developer portal and invites...
8517 views comments | 17 tweets | 11 linkedin
Metro Bank joins digital revolution with instant online account openingMetro Bank joins digital revolution with i...
7034 views comments | 13 tweets | 25 linkedin
Could distributed ledgers restore the reputation of the MBS market?Could distributed ledgers restore the repu...
7021 views comments | 6 tweets | 9 linkedin

Featured job

Competitive base + commission + benefits
UK or Germany

Find your next job