Credit360_Spotlight

Technology solution helps banks more easily meet stress-testing requirements

Crowe Credit360 for Stress Testing solution extends portfolio management services

8/2/2016
Credit360_Spotlight

CHICAGO (Aug. 2, 2016) – To helps banks meet Office of the Comptroller of the Currency (OCC) Dodd-Frank Act stress-testing (DFAST) requirements, Crowe Horwath LLP has introduced the Crowe Credit360 for Stress Testing solution. Stress tests measure how banks would perform under hypothetical economic scenarios and if the banks would have sufficient capital to withstand those scenarios. Federal regulations require these tests be conducted annually for banks with more than $10 billion in assets. Crowe, one of the largest public accounting, consulting and technology firms in the U.S., has more than 50 years of experience developing technology-enabled solutions for the financial services industry.

Developed by the Crowe technology team, the Crowe Credit360 for Stress Testing solution now provides a DFAST-ready submission file, DFAST-formatted reporting and executive-level views of the required nine quarter stress testing submission for baseline, adverse and severely adverse scenarios.

“We combined our extensive credit risk and credit portfolio management expertise and the firm’s technical prowess to aggregate all DFAST requirements into one easy-to-use solution,” said Dave Keever, a principal in the Crowe financial services performance consulting group. “The Crowe Credit360 for Stress Testing solution is a powerful software platform that can help banks streamline the preparation, aggregation, management, reporting and submission of stress tests. It helps boards and management get a clear view of their portfolios so they can make smart decisions today that will provide lasting value tomorrow.”

The Crowe Credit360 for Stress Testing solution can help banks perform a variety of critical data management functions and analyses, enabling managers to:

  • Create, store and navigate multiple portfolios, including merged portfolios;
  • Capture a complete, accurate snapshot of each portfolio;
  • Perform detailed analysis by product, portfolio segment, location, organizational unit, customer profile and other criteria;
  • Integrate internal data with third-party business intelligence tools;
  • Forecast and analyze how various events will impact net interest income, noninterest income and noninterest expense;
  • Uncover hidden risk patterns and potential weaknesses that could threaten future growth opportunities;
  • Depict outcomes and conditions for management, board and regulatory review;
  • Maintain a complete audit trail for both regulatory and accounting standards compliance; and
  • Provide support for Basel III implementation and risk-weighted asset calculations.

For more information on the Crowe Credit360 for Stress Testing solution and other portfolio management solutions, please visit www.crowehorwath.com/credit360-nr.

About Crowe Horwath
Crowe Horwath LLP (www.crowehorwath.com) is one of the largest public accounting, consulting, and technology firms in the United States. Crowe uses its deep industry expertise to provide audit services to public and private entities while also helping clients reach their goals with tax, advisory, risk, and performance services. Crowe serves clients worldwide as an independent member of Crowe Horwath International, one of the largest global accounting networks in the world. The network consists of more than 200 independent accounting and advisory services firms in more than 120 countries around the world.

 

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