Financial Services Software addresses market risk/returns.
Press Release Summary:
Oracle® Reveleus Market Risk provides modeling, analysis, and reporting capabilities for viewing and managing balance between risk and returns, as well as regulatory and reporting requirements across multiple jurisdictions. As single solution for regulatory, as well as internal risk management requirements, solution provides users with quantitative libraries for modeling, pricing, trading, and risk management; integrated stress testing capabilities; and Market Risk BI functionality.
Original Press Release:
Oracle Financial Services Software Introduces Newest Release of Oracle® Reveleus Market Risk
Release Features New Modeling, Analysis and Reporting Capabilities to Help Financial Institutions Improve Ability to Manage Market Risk and Related Capital Adequacy and Compliance Regulations
REDWOOD SHORES, Calif., Jan. 28 -- News Facts
-- As part of its ongoing commitment to help financial services institutions achieve accurate assessment of the relationship between existing capital and risk level, Oracle Financial Services Software today announced the availability of a new version of Oracle(R) Reveleus Market Risk (http://tinyurl.com/bv45kt).
-- Oracle Reveleus Market Risk provides new and expanded modeling, analysis and reporting capabilities that help financial institutions effectively view and manage the balance between risk and returns, as well as comply with increasing regulatory and reporting requirements across multiple jurisdictions.
-- Delivering a single solution for an institution's regulatory as well as internal risk management requirements, Oracle Reveleus Market Risk provides a clear view of risks and returns using multiple measures such as Value-at-Risk (VaR), Conditional Value-at-Risk (CVaR) and Component VaR -- across a wide range of financial instruments, including elaborate derivatives.
-- The solution helps financial institutions estimate market risk using industry-standard methodologies -- including Monte Carlo Simulation and Analytic Method.
-- It also helps facilitate compliance with the Internal Models Approach for capital adequacy as specified under the Basel II Accord and eases multi-jurisdictional regulatory processes.
-- Oracle Reveleus Market Risk is an integral component of the Oracle Reveleus Enterprise Risk Management suite (http://tinyurl.com/d5fexl), which also includes Oracle Reveleus Asset Liability Management (http://tinyurl.com/akkvwj) and Oracle Reveleus Basel II (http://tinyurl.com/crqf9b).
New Features Provide Expanded Insight
-- Oracle Reveleus Market Risk incorporates industry-leading quantitative libraries for modeling, pricing, trading and risk management. Combined with instrument coverage and the ability to define portfolios based on user specified dimensions, the solution provides unparalleled computational coverage and flexibility.
-- In this new release, Oracle Reveleus Market Risk leverages the Oracle Reveleus Advanced Analytics Framework to deliver increased functionality and robust modeling capabilities.
-- Integrated stress testing capabilities in the newest version enable institutions to stress test and back test multiple portfolios within a single solution for greater efficiency and a comprehensive view that enables more in-depth analysis.
-- The solution's new Market Risk Business Intelligence functionality includes a powerful reporting tool that enables financial institutions to customize reporting to suit user requirements and report across multiple levels of the organization. It also enables side-by-side comparison of historical and current risk, as well as alerts for specified rules, such as a VaR estimate exceeding limits, to enable earlier intervention.
-- The new release also provides enhanced instrument coverage including exotic options and credit derivatives.
Supporting Quote
-- "The new release of Oracle Reveleus Market Risk provides a comprehensive solution that enables financial institutions to manage all of their internal and regulatory market risk requirements -- from risk measure estimation to stress testing to model validation -- using a single solution, reducing IT complexity and enabling a more complete view," said S. Ramakrishnan, CEO of Reveleus and Mantas products, Oracle Financial Services Software. "In today's market, it also supports financial institutions' efforts to improve capital management and strategic planning by actively incorporating market risk into decision making and enabling more rapid identification of high-risk portfolios."
Supporting Resources
-- Oracle Reveleus Market Risk Data Sheet (http://tinyurl.com/ao9asj)
-- Oracle Analytics for Financial Services (http://tinyurl.com/bbke39)
-- Oracle in Financial Services(http://www.oracle.com/industries/financial_services/index.html)
About Oracle
Oracle (NASDAQ:ORCL) is the world's largest enterprise software company. For more information about Oracle, please visit our Web site at http://www.oracle.com/.
About Oracle Financial Services Software Limited
Oracle Financial Services Software Limited (referred to as "Oracle Financial Services Software") (Reuters: ORCL.BO & ORCL.NS) is a majority owned subsidiary of Oracle. Oracle Corporation [NASDAQ: ORCL] is the world's largest enterprise software company. For more information, visit http://www.oracle.com/financialservices.
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CONTACT: Kevin Ruane of Oracle, +1-650-506-6610, kevin.ruane@oracle.com; or Mary Tobin of O'Keeffe & Company, +1-503-658-7396, mtobin@okco.com, for Oracle
