US Software Giant Rolls Out Bank Capital Compliance Tools

Tom Burroughes

19 February 2009

Oracle, the US software firm, has rolled out two new products to help financial institutions to comply with Basel II bank capital adequacy rules.

The Oracle Revelus ICAAP Analytics and and Oracle Reveleus ICAAP Assessments combine to help firms identify, measure and manage risk and capital across the entire organization.

Through a structured analysis of a bank's activities, business units, regulatory and market environments, as well as historical scenarios, identified risks are assessed across a combination of factors like size, complexity of instruments, ratings and collateralization.

"This is a two-pronged approach to ICAAP," explains S Ramakrishnan, chief executive of Reveleus and Mantas products, Oracle Financial Services Software.