Moody’s Analytics Enhances RiskFoundation to Address Dodd-Frank and CCAR
Stress Testing Requirements
NEW YORK -- January 15, 2013
Moody’s Analytics, a leader in risk measurement and management, today
introduced an enhanced version of its enterprise risk management platform,
RiskFoundation™, to help banks better manage their Dodd-Frank Act Stress Test
(DFAST) and Comprehensive Capital Analysis and Review (CCAR) data and
With the release of RiskFoundation version 1.3, Moody’s Analytics integrates
reporting solutions with data modeling capabilities to help banks effectively
and efficiently meet the Dodd-Frank Act stress testing rules. Under these
rules, regulators require US-based banks with at least $10 billion in assets
to conduct annual stress tests using a number of economic scenarios. The
Moody’s Analytics solution incorporates the 2013 CCAR scenarios released by
the Federal Reserve and enables risk professionals to consolidate and manage
the required data as well as centralize and automate models. Users can also
create and deliver FR Y-14 monthly, quarterly and annual reports from a single
“Designing a comprehensive stress testing program can significantly reduce the
cost of implementation, make results more organizationally meaningful and ease
translation of results into a bank’s risk appetite statement and capital
planning process,” said Eric Ebel, Senior Director, Moody’s Analytics.
“RiskFoundation helps financial institutions to continue enhancing their
capital management and related validation processes by providing a fully
automated solution for data management and reporting.”
Other features added to RiskFoundation include integrated regulatory reporting
and built-in data quality management capabilities. The solution leverages
Moody’s Analytics award-winning Regulatory Reporting Module which enables
users to capture and report on all data changes before, during and after the
reporting process. With this version of RiskFoundation, users can move
seamlessly between the consolidated reporting level and the underlying data.
The solution also stores the required data such as securities, retail and
wholesale risk, pre-provision net revenue, private equity, Basel III and
regulatory capital instruments data, in a central platform. This provides full
audit and tracking capabilities and lets users leverage pre-defined and
customizable rules that check for integrity, coherence and validity.
RiskFoundation provides the infrastructure banks need to implement a
world-class risk management system and comply with regulatory guidelines. The
platform includes a common datamart optimized for managing risk, consistently
supporting multiple regulations such as CCAR and Basel I, II & III and
producing and reconciling different sets of reports such as FR Y-14, FFIEC101
and FR Y-9C. It also delivers an administrative console, customization
toolkits, grid computing and scenario analysis software that can all be
adapted to fit each bank’s unique situation.
For more information, please visit
About Moody’s Analytics
Moody’s Analytics helps capital markets and risk management professionals
worldwide respond to an evolving marketplace with confidence. The company
offers unique tools and best practices for measuring and managing risk through
expertise and experience in credit analysis, economic research and financial
risk management. By providing leading-edge software, advisory services and
research, including proprietary analyses from Moody’s Investors Service,
Moody’s Analytics integrates and customizes its offerings to address specific
business challenges. Moody's Analytics is a subsidiary of Moody's Corporation
(NYSE: MCO), which reported revenue of $2.3 billion in 2011, employs
approximately 6,700 people worldwide and has a presence in 28 countries.
Further information is available at www.moodysanalytics.com.
Jessica Schaefer, 212-553-4494
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