Oracle Financial Services Software has announced the availability of a new version of Oracle Reveleus Market Risk. Oracle Reveleus Market Risk provides new and expanded modeling, analysis and reporting capabilities that help financial institutions effectively view and manage the balance between risk and returns, as well as comply with increasing regulatory and reporting requirements across multiple jurisdictions.

Oracle Reveleus Market Risk provides a view of risks and returns using multiple measures such as Value-at-Risk, Conditional Value-at-Risk and Component VaR across a wide range of financial instruments, including elaborate derivatives. The solution helps financial institutions estimate market risk using industry-standard methodologies - including Monte Carlo Simulation and Analytic Method. It also helps facilitate compliance with the Internal Models Approach for capital adequacy as specified under the Basel II Accord and eases multi-jurisdictional regulatory processes.

In this new release, Oracle Reveleus Market Risk leverages the Oracle Reveleus Advanced Analytics Framework to deliver increased functionality and robust modeling capabilities. Integrated stress testing capabilities in the newest version enable institutions to stress test and back test multiple portfolios within a single solution for greater efficiency and a comprehensive view that enables more in-depth analysis.

The solution's new Market Risk Business Intelligence functionality includes a reporting tool that enables financial institutions to customize reporting to suit user requirements and report across multiple levels of the organization. It also enables side-by-side comparison of historical and current risk, as well as alerts for specified rules, such as a VaR estimate exceeding limits, to enable earlier intervention.  The new release also provides enhanced instrument coverage including exotic options and credit derivatives.