Integrated Planning Solution Enables Financial Institutions to Deliver on Stress Test Requirements
Scott Leshinski, Chris Holznecht
Since the financial crisis, empowered regulators have employed increasingly demanding financial contingency planning on financial service institutions. Legislation passed imposed strict guidelines and heavy demands on the way financial service institutions plan for intrinsic economic risk. As a result, these entities are required to perform and report vigorous qualitative and quantitative analysis centered on times of economic and financial distress.
Though this process has been in place for several years, many institutions remain ill-equipped to execute and answer the regulations guidelines. Many institutions simply do not possess the financial planning tools or processes needed to run the analysis effectively. Instead, many continue to rely on cobbled financial spreadsheets and unsustainable processes. With regulators cracking down, this arbitrary approach no longer suffices.
View the webinar below to learn how Oracle’s Hyperion integrated financial planning applications and supporting processes enable financial institutions to systematically analyze their financial downside risks through providing enhanced and reproducible financial gathering, modeling, analysis and reporting capabilities.Watch Webinar