Shifting regulatory compliance and financial standards create an urgent need for banks to dismantle barriers between finance and risk departments. SAS Expected Credit Loss is a new solution that’s helping them succeed.
To manage the massive amounts of required data and increasingly complex models, corporate functions that have historically analyzed and reported in their own data silos will need to come together. Working within a single, transparent and controlled SAS modeling and reporting workspace allows banks to establish processes across departments. Not only will that enable them to meet the expectations of auditors and regulators, it reduces the costs of compliance by minimizing duplication and errors.
