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Risk MnaagementeNewsletter Autumn 2021

Profile Software has recently released the upgraded version of RiskAvert, the flexible risk management platform for advanced regulatory capital calculation and reporting, that delivers comprehensive coverage to all latest EU requirements.

RiskAvert has been significantly enriched to empower Financial Institutions to efficiently handle the regulatory regime in a dynamically changing business environment, providing full coverage of Credit Risk and Operational Risk, capital requirements calculations and reporting Liquidity LCR & NSFR and Leverage Ratio. As a dynamic risk management platform that keeps evolving, it competitively offers Risk vs Accounting data reconciliation, Comprehensive Analysis and Reporting according to key dimensions of Pillar II and- Pillar III capabilities. It also provides full support of Large Exposures framework and automated, inbuilt manual adjustment calculation. Constant additions are made to the platform to ensure users are always kept up to date with the latest EU requirements whilst offering financial institutions with the tool to easily adjust to any upcoming new regulations.

Through this latest release, RiskAvert, incorporates changes enforced by the CRR2 (Capital Requirement Regulation 2) package. In more detail the platform fully covers the needed EU required CRR2 changes regarding the new methodological approaches introduced for the calculations of CCR capital requirements, the new Credit Risk Capital calculation approaches for the treatment of CIUs and changes on Large Exposures regime, in line with the latest version of EBA Reporting Framework (3.0). This new enhancement safeguards the business and empowers the modern CFO and Risk Officer to make more comprehensive and safe decisions.

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