A solution to the stresses of Stress Testing. Compliant. Commercial. Tailored. New requirements imposed on Banks by the FRB for the delivery of Stress Test results have increased the burden on Bank’s operating environments and their resources. Improving the process of collecting, validating and proofing stress data has become a complex and high risk function that must be repeated on a regular basis. The development of an optimised, integrated and automated process has become a real imperative for most firms in order to reduce risk and deliver an efficient and repeatable Stress Testing routine. Holley Holland business transformation experts have extensive experience of process improvement, process automation and regulatory change. We provide solutions that deliver optimised processes supported by automation to embed control and achieve efficiency. Our proprietary tool, stressrep is an example of efficiency and control through automation. It provides a toolkit that reduces the burden of data collection, validation, translation and reporting and releases key resources to concentrate on valuable analytical work. σ powered by IMX software stressrep provides an end to end solution by: Analysing FRB instructions and building into the application Providing a template for completion and submission Facilitating Mapping the necessary cell mapping to your existing system Providing the required validation and editing rules Converting Keeping your sensitive data on your internal server Removing Providing the risk of human error an audit trail of key activities Significantly Ensuring Excel to XML as mandated by FRB saving time and resource required a smooth, straightforward and stress-free submission process Taking the stress out of reporting. Creating additional business benefits.
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