Regulatory Compliance

Regulatory compliance is an organization's adherence to laws, regulations, guidelines and specifications relevant to its business. Violations of regulatory compliance regulations often result in legal punishment, including federal fines.

An ever-increasing number of digital assets that your organization retains for active reference are subject to regulatory compliance. vertiv provides your organization with regulatory compliance solutions that can mitigate risk, simplify data management, and benefit your bottom line.

Regulatory Reporting

Rapidly changing regulatory requirements, limitation of organically grown systems and need for cross-functional warrants a configurable, rule-driven system with extensive auditing support.

Highlights

Strong Finance Rule Manager for data transformations, two-step processing approach for efficient performance and avoiding data trucking.
Robust data model to capture contract data.
Real-time drill back from reports to contract level data.
Support for stress testing and what-if analysis.
Complete out-of-the-box reports metadata for major regulators, allowing rule-cell association and giving high auditing control.
Inbuilt reconciliation engine to find mismatches.
Robust Data Integrator to consolidate source data from disparate systems.
Solution approach delivers data model and business rules out-of-the-box.
XBRL support and other administrative utilities.
Business Challenge.

Basel II / III

Organizations that lack sufficient time for value-added activities often exhibit signs such as requiring more than five days to close the books, using a spreadsheet-based financial consolidation process, needing many manual journal entries or other manual activities to close the books, lack of capacity to analyze business drivers and identify root causes, and a current or recent merger, acquisition, spin-off or sale.

vertiv's Finance Process Optimization & Integration Suite can help companies shrink transaction processing costs up to 30 percent, reduce error rates by up to 90 percent and compress cycle times by up to 70 percent. With our help, our clients have been able achieve these benefits through targeted process improvement, creating shared services and outsourcing non-core transactions where appropriate.

We help clients implement standardization across business unit functions in processing information, submitting local ledgers and posting closing entries in order to lower exception rates and the level of rework needed. Our Finance Process Optimization & Integration team develops a chart of accounting and reporting structures to facilitate capturing and reporting of appropriate information for all stakeholders, which enables the organization to meet management's demand for analytical information without a high level of extra effort.

Comprehensive Capital Analysis and Review (CCAR) & Capital Plan Review (CapPR)

The CCAR is a test of the banks' ability to see themselves through a 25-month devastating economic and financial crisis without experiencing a fall in Tier 1 common Capital to below 5% of assets. To help project Capital Position, vertiv offers CCAR solution to banks to estimate the economic impacts to PPNR and Stress Losses under the required hypothetical stressed scenarios, including the Supervisory Severely Adverse Scenario.

CCAR Reporting module is designed to address primary challenges for FRY 14 report. Designed to work at contract level data, the suite offers

Wholesale and Retail data collection/consolidation
Configurable Rules and Formulae
Trace-back/drill down from reports to transaction data
Data Lineage Tracking
PPNR Calculations
Edit Checks module
Concentration Risk
Stress Testing and What-if analysis
Trade level and Top side adjustments Features
Report generation, approval workflow mechanism

DFAST

Dodd Frank Act Stress Test (DFAST): On June 23, 2016, the Federal Reserve released the Dodd-Frank Act Stress Tests (DFAST) results. These results measure the potential impact of adverse or severely adverse economic conditions on the performance and condition of the 33 banks subject to the rule.

Our key takeaways from the DFAST severely adverse scenario results include:

All firms exceeded minimum capital standards under stress. Despite a somewhat more stressful severely adverse scenario, each firm exceeded the minimum required capital for the second year in a row.
The impact of the severely adverse stress scenario was split, with a lesser impact on trading banks and harsher result for many traditional lenders. The scenario's more severe traditional economic recession hit many traditional Commercial & Industrial (C&I) focused lenders harder than last year. In contrast, other aspects of the scenario lessened the adverse impact to trading focused firms' pre-provision net revenues (PPNR), and model changes lessened ratio pressure from risk-weighted assets (RWAs).
Loan loss rate improvements stalled. Aggregate loan loss rates over the nine quarters totaled 6.1 %, the same as the prior DFAST, halting an improving trend compared to the last few years. However, loss rate trends were mixed across lending sectors with improvements in commercial real estate (CRE) and first lien mortgage loss rates offset by deterioration in C&I and other loans.
The Dodd-Frank Act Stress Test (DFAST) is a forward-looking, complementary exercise to CCAR but distinct in certain aspects. The results of DFAST are published by the Federal Reserve and by the participating BHCs in the public domain.
DFAST Tool, powered by vertiv, consolidates the Federal Reserve's publicly available results into a user-friendly, dynamic interface that:
Enables cross-sectional, year-over-year results comparisons
Provides the ability to compare and analyze each institution's capital ratios in light of current regulatory standards
Supports custom data comparisons through the use of data filters such as bank name, institutional category type, program, scenario, metrics, and reporting year
DFAST Tool is not an interpretation of the results by vertiv, but rather provides you with powerful visual analytics and the ability to interact with the data to generate your own visual representation of results

Dodd Frank Reporting

Dodd-Frank act was introduced to promote the financial stability of the United States by improving accountability and transparency in the financial system. The act lays a series of guidelines which banks should follow and comply with to ensure its smooth functioning. To achieve this bank's banks need a robust business rule manager capable of handling diverse scenarios, act validations and enhanced auditing and process monitoring. vertiv's RQUEST Dodd-Frank suite is designed with this notion.

RQUEST's Dodd Frank module is designed to efficiently handle data and rule management requirements of Dodd-Frank Act. Offering configuration driven business rule system, vertiv's Dodd Frank is an ideal solution for ever-changing requirements and ever-increasing need for data audit and transparency. Suite Offers

Robust Business Rule Manager for act compliance, validations and data transformations.
Integrated metadata of Dodd-Frank act sections.
Complete out-of-the-box reports metadata for major regulators, allowing rule-cell association and giving high auditing control.
Delivered and extensible data model and business rules out-of-the-box.
Robust Data Integrator to consolidate source data from disparate systems.
Inbuilt reconciliation engine to spot differences between two data sources
Powerful and Easy to use reporting engine for management and operational reporting.
Real-time drill back from reports to contract level data.
XBRL support and other administrative utilities.

Regulatory Compliance