Risk & Compliance
Asseco Risk Management
Asseco Risk Management is a system that supports the work of departments involved in monitoring and management of various risks.
The system provides all the necessary tools to assist financial institutions in estimating their risk exposures by standard methods as required under the Basel II and Basel III regulations. The system enables the calculation of business results in order to accomplish all the prudential reporting tasks. Reporting data are obtained from one source, ensuring full consistency and compliance with the validation rules. The system meets the requirements imposed by IAS 37 and IAS 39 for calculating impairment charges and provisions, as well as for keeping analytical records of such calculated values.
Implementation of the system increases the efficiency of risk management and helps fulfill all the regulatory requirements.
Key functionalities
Basel II and Basel III regulations
- Implementation of the Basel II and Basel III requirements within credit and market risks as well as liquidity and leverage parameters
Calculation of asset impairment charges and provisions
- Impairment charges on loan assets and provisions for off-balance-sheet liabilities can be determined by both individual and portfolio analyses
Mandatory reporting requirements
Carrying out calculations of business results in the following areas:
- COREP
- LEVERAGE
- LARGE EXPOSURE
- IP LOSSES
- LIQUIDITY LCR, NSFR, ALMM
Business benefits
Fulfilment of the Basel II and Basel III requirements Calculation of the capital requirement for risk exposures. | Increased efficiency Management of assets and liabilities and analysis of liquidity gaps and interest rates. |
Compliance with International Accounting Standards (IAS) Proper recognition and measurement of risks. | Improving the control and automation of risk management processes |
Technology stack
Programming languages and main frameworks | JAVA PLSQL |
Application servers | JBoss, Oracle WebLogic |
Database | Oracle Database Enterprise Edition |
API Servers | JBoss, Oracle WebLogic |
Integration standard | Web service |
Web browsers supported | Internet Explorer, Chrome, Firefox |