The challenges in risk management and regulatory reporting are constantly growing. Whereas in the past, both areas tended to operate separately within a bank with little interdependence, today there is a growing expectation for a consistent view of internal risk management and regulatory reporting data. With the new, comprehensive msg.ORRP (Open Risk and Reporting Platform) platform, msg for banking is setting a new standard for banks that want to combine efficiency and future viability.
In today's banking landscape, the requirements for risk management and regulatory reporting are more complex and dynamic than ever. The supervisory authority expects credit institutions to provide a consistent view of internal risk management and regulatory reporting data. These requirements call for a powerful yet flexible IT architecture.
msg for banking ag is now launching its enhanced central platform for risk management and regulatory reporting: msg.ORRP (Open Risk and Reporting Platform).
The platform is a forward-looking, integrated system that meets complex regulatory and banking requirements. msg.ORRP follows the following key architectural principles:
- Encapsulation of technical functionality in so-called content apps, which are supplied via interfaces, do not actively communicate and operate independently of their external environment.
- Orchestration of content apps into business processes to solve a specific problem.
- Uniform logical input data architecture (ELIDA) and uniform logical output data architecture (ELODA) for consistent, cross-thematic delivery and provision of data.
- Strict separation of business processing via content apps from process control and user interaction (GUI) to enable flexible integration. Additional standard components are available for this purpose if required.
This architecture enables the use of identical business components in different integration scenarios and thus offers institutions a high level of long-term security in terms of consistency and correctness.
msg.ORRP covers all the functions required for modern bank management – both from a risk management and a reporting perspective. However, particular emphasis should be placed on those topics that can only be dealt with across departments from a risk management and reporting perspective. In particular, users benefit from significant added value in the following areas:
- IRRBB reporting for interest rate risk in present value and multi-period terms: msg.ORRP fully meets the requirements of IRRBB reporting. Interest rate risk simulations can be carried out in the system from an EVE and NII perspective, and the results can then be sent directly to the banking supervisory authority in the required granularity via the reporting form.
- Consistent preview of LCR, NSFR and liquidity flow balance sheet: The liquidity position can be analysed under common scenarios and plan assumptions – from both an economic and a regulatory perspective. The effects of funding and investment measures as well as test transactions can be analysed transparently and easily to optimise the liquidity position and refinancing costs.
- 360-degree view of credit risk: With the help of the functionalities of RWA simulation under CRR III, measurement of credit portfolio risk and BFA7 simulation, the credit risk can be analysed in full under common scenarios and plan assumptions.
Conclusion: Investing in the future viability of your bank
With msg.ORRP, we make an important contribution to the efficient and correct management of regulatory challenges in the financial industry. We offer banks a comprehensive tool for risk management, financial controlling and regulatory reporting that is unique in Germany in this form.
Would you like to find out how msg.ORRP can make your risk management and reporting more efficient and secure?
Contact our experts today for a personal consultation.
Further information on the functionalities of msg.ORRP can be found here:
Your contact
is an expert in overall bank management, risk management and supervisory law at msg for banking.