SAP HANA for Capital Markets Risk Management

The Next Generation Risk Management PlatformPowered by SAP HANA

March 2015

SAP Point of View

Table of Contents

Introduction and Overview 5

Executive Summary 6

Risk Management Challenges 8

The SAP Solution and Value Proposal 13

The SAP Solution 14

Case for Change 17

Why SAP? 19

Why SAP? 20

Customer Successes 24

The Value of Partnering with SAP 31

The Next Generation Risk Management Platform – Powered by SAP HANA | 3

97%of the major banks in

the Forbes Global 2000

are SAP customers

77%of the investment services

providers in the Forbes

Global 2000 are SAP

customers

82%of the financial services

providers in the Forbes

Global 2000 are SAP

customersBased on 2013 Forbes Global 2000 list

Introduction and Overview• Executive Summary

• Risk Management Challenges


Overview

The financial services industry faces many critical

business, capital and regulatory challenges that are

pushing risk analysis and reporting from an end-of-day

snapshot towards intraday views, with the longer term goal

of being able see all risk exposures “on-demand”.

Achieving this goal presents a major challenge and

requires significant planning and investment on the part of

all institutions.

From an SAP perspective, we want to share our point of

view on how SAP is helping our customers to address

these strategic challenges through the use of innovative

technologies.

This document will address the following questions:

• How will the SAP HANA platform support future risk

management requirements?

• How can you best simplify and scale your risk system

architecture without redeveloping the entire system?

The SAP HANA Platform

SAP HANA is an in-memory analytics platform that is an

evolutionary step from existing technologies and enables

“on-demand” analysis and risk reporting while simplifying the

existing risk system framework. SAP HANA enables the

following capabilities:

• Performance: SAP HANA delivers significant

performance gains from data consumption to accelerated

queries and analytic processing.

• Scalability: SAP HANA can linearly scale to ensure

consistent user performance as data volumes, the

complexity of calculations and the number of users grow.

• Agility: The ability to do “on-demand” analysis from

transaction level ensures that the risk system can meet

future analysis and reporting requirements.

• Simplification: SAP HANA stores all critical risk data

within a single in-memory platform and it eliminates the

costly need for creating and maintaining aggregate tables.

Executive Summary

6 | The Next Generation Risk Management Platform – Powered by SAP HANA

Executive Summary

The Basel Committee on Banking Supervision’s recent regulation, BCBS-239, “Principles for Effective

Risk Data Aggregation and Risk Reporting”, sets out the first global regulation directly relevant to Risk

IT and Operations. Under this mandate banks must be able to provide highly automated risk

aggregation with minimal manual intervention and with data being available by “business line, legal

entity, asset type, industry, (and) region.” Data aggregation must be current and timely, and the

process must be adaptable and flexible, enabling “on-demand” ad hoc requests.

Executive Summary


Our Understanding of Future Risk Requirements

Banks continue to face ongoing regulatory-driven

enhancements which will have a significant impact on how

risk and capital are measured, managed and reported. Key

regulatory requirements such as Basel III, EMIR, MiFID II,

CRD IV and BCBS-239 continue to present significant

challenges for internal Risk Management and Risk IT

groups.

To address these challenges, Risk Groups will need to

upgrade their current infrastructure and move towards

creating a more agile and scalable risk platform in order to

fully support forthcoming regulatory and business

requirements. In many cases, this can require a

transformative change to an institution’s current risk

architecture.

For illustrative purposes, we highlight the forthcoming

requirements that are outlined in the Basel Committee on

Banking Supervision’s directive “Principles for Effective Risk

Aggregation and Risk Reporting” (BCBS-239). The first set

of requirements are to become active in early 2016.

This regulation is principles-based and sets high standards

for internal reporting, not regulatory reporting, and sets out

principles in four key areas:

• Governance and Infrastructure

• Data Aggregation Capabilities

• Reporting Practices

• Supervisory Review and Cooperation

The BCBS-239 regulation is forcing institutions to review and

sometimes renew their data management processes in order

to strengthen risk data aggregation capabilities and push risk

reporting towards near real time.

SAP HANA is ideally suited to meet these future regulatory

requirements. It can

• Facilitate intraday risk reporting via an event driven

architecture

• Simplify and streamline the current IT landscape

• Integrate all transaction and risk data in a single source

for in-depth analysis and reporting

• Increase the performance and agility of the business

users for full drill-down analysis

• Reduce operational risk elements by eliminating

interdependencies

• Ensure that all of the existing risk system infrastructure

and proprietary computational components are fully

utilized without the necessity for costly redevelopment or

massive migration efforts.

Enabling Success

The innovative SAP HANA In-Memory Analytics platform

provides immediate performance and efficiency benefits to

your risk management capabilities and supports your future

growth requirements. Our flexible licensing and deployment

model supports your delivery, production and regulatory

timelines.

Risk Management

Challenges

Risk Management Challenges

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

Basel III

LCR introduced as

min standard set

at 60%

Banks must

disclose leverage

ration

Phase-in of capital conservation

buffer & counter-cyclical capital

buffer set to 0.625% of RWAs

Min LCR

set at 70%

Capital conservation buffer &

counter-cyclical capital buffer

set to 1.25% of RWAs

Min LCR

set at 80%

Capital conservation buffer &

counter-cyclical capital buffer

set to 1.875% of RWAs

Min LCR

set at 90%

EMIRNon-trade repository

derivatives reporting

to ESMA

Expected date for

variation margin

requirements

Dec-2015 to Dec-2019:

Initial margin requirements phased-in

MiFID IIESMA’s technical

advice on level 2

methods due

June – 2016

Member states to

transpose Level II

Dec – 2016

Member states to

activate Level II

CRD IV


Application of LCR

Liquidity Coverage

Ratio

Directive on Capital

Buffers to come

into force

Deadline for NSFR &

leverage ratio

legislative proposals

2018 - NSFR &

leverage ratio

implemented


Regulatory Timeline

2015 2016 2017 2018+

Banks will continue to face ongoing regulatory-driven challenges over the next five years with a significant impact on how risk and capital are measured, managed and reported. Below is an

illustration of four key EU-specific regulations and key milestones that all banking institutions must

address in the coming years.


BCBS-239 (Principles for Effective Risk Data Aggregation and Risk Reporting)

Summary: The regulation is principles-based and sets high standards to make risk aggregation and reporting

more timely, more accurate, more comprehensive and more granular. It covers internal reporting, not regulatory

reporting, and sets out principles in four key areas: Governance and Infrastructure, Data Aggregation Capabilities,

Reporting Practices and Supervisory Review and Cooperation.

• Governance and Infrastructure: The regulation calls for risk governance to encompass risk-data

aggregation and reporting, and it says that systems designed for risk aggregation and reporting should function

well under stress or crisis.

• Data-aggregation Capabilities: The rule raises the bar for data and data processes. Banks must be able to

provide highly automated aggregation with minimal manual intervention; data must be available by business

line, legal entity, asset type, industry and region. Data aggregation must be current and timely, and the process

must be adaptable and flexible, enabling ad hoc requests.

• Reporting Practices: Reports must be accurate, reconciled, and validated; comprehensive, covering each

domain; clear and tailored to the audience; and generated and distributed in a way that is appropriate for the

audience and context.

• Supervisory Review and Cooperation: Regular supervisory review of risk aggregation and reporting calls for

supervisors to require effective and timely remedial action. The supervisors can use Pillar 2 measures and set

limits on banks’ risks and growth as part of a compliance process. As part of this process, institutions should

have completed a self-assessment as part of the supervisory review.


Use Case Example: BCBS 239

In the past decade, banking systems for the collection, aggregation and analysis of risk data have typically

developed in an incremental fashion, with different modules, incompatible data and a range of ad hoc processes.

Often relevant data is missing or inadequately analyzed, resulting in the formation of ‘reconciliation industries’

within the organization as data is passed between a multitude of systems across inconsistent integration

mechanisms.

The Basel Committee on Banking Supervision’s BCBS 239 regulation was designed to change this situation by

requiring banks to review and sometimes renew their data management processes in order to strengthen risk data

aggregation capabilities and push risk reporting towards near real time.


$46 Billionin penalties and fines

for US and EU banks in

2014 (WSJ-30/12/2014)


① Scalability: Risk Management groups face growing data volumes, greater

computational complexity and an increasing user base. In many circumstances, it

will be increasingly costly and challenging to scale and tune current risk systems to

fully address future needs.

② Performance: Risk Management groups seek to achieve performance gains in

both loading and processing data, in key risk calculations that need to be

aggregated on-demand and consistent end-user performance.

③ Agility: Risk Management groups need the ability to do “on-demand” analysis from

transaction level with the ability to flexibly aggregate along any dimension. These

need to be easily modifiable on-the-fly.

④ Simplification: Risk Management groups need to simplify their risk system

architecture by eliminating aggregate tables, by eliminating data duplication, and

by reducing data extractions for external risk calculations.

⑤ Challenges in Extending Risk Metrics: Risk Management groups are now

requiring the ability to compute detailed VAR measures for immediate access for

up to 90 business days both for regulatory and capital allocation purposes.

⑥ Moving to an Intraday Risk Management Capability: The Risk Management

group’s future roadmap must consider the challenges of migrating from end-of-day

to an intraday risk management framework which current configuration cannot

easily support.

40%Increase

in regulatory costs

from 2011-2013



Top Six Challenges Facing Risk Management Groups

While BCBS-239 and other regulatory requirements require institutions to develop new “on-demand” analysis and

reporting capabilities, the business also requires enhanced agility to meet future requirements to ensure

competitive advantage, to effectively serve its customers and to more efficiently manage operations.

Within this context, we see most Risk Management groups having the following challenges:

“All other things being equal, Basel III would reduce return on equity (ROE) for the average

bank by about 4% in Europe and about 3% in the United States… Banks are already seeking

to manage ROE in the new environment by cutting costs and adjusting prices. There are,

however, a number of additional interventions, both general and specific to Basel III, that

banks should consider...”

McKinsey

Solution and Value Proposal• The SAP Solution

• Case for Change


Opportunities for Significant Value Creation

with SAP HANA

Accelerated performance

Consistent performance

Agile risk analysis

Simplified risk IT architecture

5

Key Value

Drivers

1

2

3

4

5 Support intraday risk monitoring

Supports future

BCBS-239

requirements

SAP HANA immediately transforms a Risk Management group’s analysis

and reporting capabilities yielding immediate business benefits.

From recent customer engagements, we have identify five key value

drivers that are essential for meeting future regulatory requirements but

are also critical to ensuring that your business’s future needs are met

through unprecedented scalable performance within an extremely agile

environment.

The SAP Solution


The SAP Solution


SAP HANA Platform – An Evolutionary Advance

Compelling Capabilities for Risk Management

SAP HANA is a single Data Management and Application platform for the Risk Management group’s

future requirements with the following advantages:

• Event driven architecture that enables intraday risk reporting

• Simplified and streamlined current IT landscape

• All transaction and risk data stored at a granular level in a single source for in-depth analysis and

reporting

• Increased performance and agility of the business users for full drill-down analysis

• Reduced operational risk elements by eliminating interdependencies

• Full utilization of all of the existing risk system infrastructure and proprietary computational components without the necessity for costly redevelopment or massive migration efforts

All ApplicationsRun all transactional and analytical

applications on the same set of data

at the same time in real-time

10,000x FasterProcess massive amounts of data,

and deliver information at

unprecedented speeds

Vastly Simplified ITDeployable on-premise or in the cloud,

SAP HANA dramatically simplifies

complex and expensive IT architectures

SAP HANA Platform

All Data

Transaction Application Analytic Application

Insight to ActionContextual, Real-time, Converged

Typical Risk Challenges Solution Capabilities Benefits

Immediate Challenges

Scalability

• Increased data volumes and users

• Expanded computational

requirements

Performance

• Data loading and processing

• Consistent query performance

Simplification

• Maintenance of large aggregate

tables

• “Active Date” tables dispersed

across multiple systems

• Large data extractions required for

externally derived VAR calculations

New Requirements

VAR Decomposition

• VAR estimates segmented into key

market risk factors facilitates

improved measurement and

allocation of regulatory capital

Intraday Risk Management

• Need to move from end-of-day to

intraday risk management

Capabilities

Scalability

• System linearly scales for future

growth needs in both data volume

and number of users

Performance

• Numerous benchmarking tests with

customers have shown queries

running more from 10 to 100 times

faster in SAP HANA

Simplification

• Single Copy of Data: SAP HANA in-

memory engines eliminate the need

for aggregate tables and associated

indexes

• Consolidation onto a single platform

reduces complexity and significantly

reduces data extract requirements

In-Memory Computing

• On-demand calculation capabilities

• Ability to process and analyze

streaming data for intraday risk

management

• In-memory analytic engines

designed for complex calculations

and voluminous data.

Immediate Benefits

• Simplified architecture improves

performance, staff efficiency and

reduces operational risk

• Accelerated data loading and

recovery times

• SAP HANA’s in-memory query

performance eliminates the need

to create and maintain large

aggregate tables reducing the

size of position tables by 40%

• On-demand capabilities support

BCBS-239 Risk Aggregation

requirements

Future Benefits

• Reduce complexity of external

VAR systems by migrating

calculations into the SAP HANA

system

• Enable immediate intraday risk

reporting and analysis given

SAP HANA’s real time analytic

capabilities

SAP HANA – Transformative Capabilities

SAP HANA is ideally suited to address key business and IT challenges related to Risk Management.

We have identified how specific SAP HANA capabilities can address some of these key challenges and

what benefits can be achieved.

The SAP Solution


Supports future

BCBS-239

requirements

Case for Change

• Performance: Accelerated data

processing and query

capabilities

• Scalability: For future growth

• Consistency: Ensures

operational excellence

• “On-Demand” analysis and

reporting

• Enhanced Agility for future

requirements

• Simplified Risk Architecture:

Single scalable in-memory

analytics platform

• Supports BCBS-239 risk

aggregation & reporting

requirements

• Intraday Risk Management

• Integrated VAR Metrics:

supports enhanced capital

allocation requirements

Strategic

Benefits

Risk and

Mitigation

Business

Benefits

IT

Benefits

Business

Value• Business Risk

Reduction:

– Reduces

interdependencies

– Scalable for future

growth needs

– Simplifies and streamlines current

VAR setup

• Evolutionary: Preserves existing

risk system, not a costly, high risk

“rip and replace” option

• Simplified Architecture:– Eliminates aggregate tables

– Internalizes complex VAR

framework

– Accelerates query

performance

– Reduces large external data

transfers

– Allows for future data

steaming feeds

– Real-time on a single copy of

the data


Case for Change

There is significant potential value to be obtained from effective risk data aggregation, storage

and analysis, beyond simple regulatory compliance. The ability to consolidate and synchronize

all relevant risk data can lay the foundation for a more overarching and consistent analysis,

enabling better business management, better risk management and optimized operating

models.

McKinsey has identified significant benefits that banks can capture when implementing these

capabilities. These include lower losses due to better data quality and superior risk insights,

reduced capital usage from more accurate and frequent risk measurement and lower

operational risk costs due to streamlined processing, less reconciliation and better fraud

detection.

“One of the most significant lessons learned from the global financial crisis that began in 2007

was that banks’ information technology (IT) and data architectures were inadequate to support

the broad management of financial risk”

Basel Committee on Banking Supervision, January 2013

Why SAP?• Why SAP?

• Customer Success


Why SAP?

Why SAP?

SAP’s vision is to help the world run better and improve people’s lives. Our mission is to

help every customer become a best-run business – this is what we bring to your

organization.

We are the market leader in enterprise application software, with more than 250,000

customers across 188 countries. Our solutions and services are today’s business

enablers, and we continuously work with customers to help them address the needs of

tomorrow.

Our SAP HANA platform brings immediate benefits to your risk platform by delivering

unmatched:

• Performance: SAP HANA delivers significant performance gains from data

consumption to accelerated queries and analytic processing.

• Scalability: SAP HANA can linearly scale to ensure consistent user performance as

data volumes, the complexity of calculations and the number of users grow.

• Agility: SAP HANA’s ability to do “on-demand” analysis at the transaction level

ensures that you can meet future analysis and reporting requirements.

• Simplification: SAP HANA stores all critical risk data within a single in-memory

platform and it eliminates the costly need for creating and maintaining aggregate

tables.

• A Platform for the 21st Century: SAP HANA delivers innovations to support your

requirements today and in the future.

“HANA not only represents the intellectual renewal of SAP, it is now

the platform for every single thing the SAP company will do going

forward. It's no longer about analysing the past. We're now in the era

of where you have to predict the future."

Bill McDermott, CEO, SAP


Why SAP?

Source: SAP analysis of Forbes 2000 rankings (May 2013) and SAP customer database as of May 2013

Firms

JPMC

Credit Suisse

Goldman Sachs

Deutsche Bank

RBC

HSBC

BNP Paribas

SocGen

MFS

Barclays

Exchanges

NYSE

NASDAQ

LSE

TSE

Toronto Stock

Exchange

ISX

Deutsche Borse

77%

world’s largest securities firms are innovating with

SAP solutions for

market risk, credit risk,

liquidity risk, trading

analytics, fraud

detection, and more

50 out of the

Top 50Deep capital markets-

specific capabilities

Embedded, preconfigured

best practices

Clear industry roadmap

77% of the investment services

firms in the Forbes 2000 are

innovating with SAP solutions


Our Place in the Capital Markets Industry

Why SAP?

Corporate Functions > Finance | Human Resources | Procurement | Information Technology

Technology > Big Data | Analytics | Enterprise Mobility | Cloud Solutions

Sales and Trading Brokerage Services Risk and Compliance

• Real-time profit and loss

management

• Market making and

trading

• Market data analysis

• Prime brokerage

• Client services

• Trading analytics

• Real-time risk management

• Liquidity risk management

• Governance, compliance and

surveillance

• Enterprise risk reporting

Industry Value Map for Banking – Capital Markets

The SAP Solution Portfolio

SAP’s product strategy is fundamentally based on

delivering business innovation within your current

landscape. SAP solutions are designed to meet the

demands of both small and large financial institutions

through support for:

• All lines of business and business functions

• Local, regional, and global business requirements

• A modular implementation approach, fully enabled by

professional services and a robust partner

ecosystem

With 15 years of product innovation in baking, SAP

offers a complete capital markets suite – all under a

single platform, providing our customers with the

choice of one or more business modules to address

customer requirements.

We believe our strategy and solutions will provide the

enabling platform to support your business

transformation objectives.


• Capture live streaming data for timely portfolio and

trading decisions with SAP HANA

• Provide stakeholders with mobile connectivity to

event-based notifications and decision models

• Improve trading strategies, execution, and

performance through real-time analytics

• Cloud access to financial markets and trading venues,

models for trade analytics, testing, and reporting

Brokerage Services

Risk and Compliance

Sales and Trading

• Assess risk in real time and manage balance sheet per

regulatory requirements with SAP HANA

• Connect dashboard and reporting templates to analytical

systems that support decisions

• Use intra-day and on-demand risk calculations to manage

traded capital more effectively

• Provide access to risk data warehouses, risk models,

computing engines, and grid servers

• Build infrastructure that delivers a complete securities

trading platform to institutional clients

• Greater transparency and mobile access into

market activity

• Support new information services and applications for

brokerage customers

• Minimize need to maintain applications and a physical

infrastructure for trading

Why SAP?

Finance

• Gain real-time insight and use predictive modelling to

improve decision making

• Create a single source of the truth by integrating risk and

finance across your institution

• More easily adapt to new regulatory requirements

• Analyze large volumes of finance, risk, and compliance

data and accelerate reporting


The SAP portfolio is based on the financial services industry’s most innovative technology foundation and is aligned with key operational imperatives.

SAP Innovations for Capital Markets

SAP Customer Success

7.2 SecondsVaR aggregationof 900 Million positions

470%AcceleratedQuery performance at raw position level versus Sybase IQ on aggregate tables

Business Challenges

• Scale and accelerate Risk System to meet new regulatory

requirements (BCBS 239 “Risk Aggregation” , CCAR, ...)

• Improve capital allocation efficiency which requires calculating an

expanded set of VAR (Value At Risk) metrics with the need for full

online/on-demand access for up to 90 days

• Move towards Intraday Risk Reporting (2016)

Technical Challenges

• High operational risk to expand current Risk System to meet

future requirements due to increased complexity and

interdependencies

Key Benefits

• Simplified IT landscape – no aggregate tables (Low Ops Risk)

• Enhanced performance, scalability and end user consistency

• VAR engines to migrate into SAP HANA

• Enables “On-Demand” & Intraday Risk Monitoring and Reporting

• SAP HANA reduces operational support (5-6 FTE’s)


Global EU Bank: Capital Markets Risk Management


26xFaster reporting

120MMigrated records of profitability data in initial phase

3000Legacy finance systems replaced globally with an integrated SAP platform running on HANA



Business Challenges

• Reduce operational risk across finance division

• Ensure compliance with an ever-demanding regulatory

environment

Technical Challenges

• Required new on-demand analytics capabilities and significant

performance requirements

Key Benefits

• Better visibility into the global business, now running 100% of the

group’s General Ledger on SAP

• Ad-hoc reporting capability to improve governance and auditing

• Reduced operational risk

• A flexible foundation for future requirements that enables

innovation


Global Top 5 Bank: Risk Mitigation

453xFaster reporting

on optimized queries

70%Savings on storage space with data compression of 30%


Business Challenges

• Initial focus on loan portfolio which is growing rapidly in volume

and product type

• Need for improved analytics and customer risk profiling

Key Benefits

• Ability to have a comprehensive, near real-time view of a

customer’s risk profile – including history

• Improved analytics yields greater insights into product and

customer behavior

• Reduced credit risk with more accurate analytics and detailed

performance data

• Significant cost savings in data storage and maintenance with a

combined loan and customer data


Large US Bank: Improved Risk Management


“The business can now do things with the data that simply couldn’t be done before.”

Bank IT Executive



Business Challenges

• Improve decision-making and capital allocation

• Simplify the IT landscape by removing database layers, aggregates and batch jobs

Key Benefits

• Interactive stress testing for exposure at default, expected loss and risk-weighted assets.

This was made operational for iPads.

• Complex simulation with extreme performance on high data volumes (480 Million records

loaded in SAP HANA)

• Agility through instantaneous analysis with drill downs capable to the individual transaction


Large Italian Bank: Risk Management


4000xFaster calculation

on 1.3 Billion cash flows

Business Challenges

• Calculate forward liquidity exposure

• Run dynamic stress test scenarios

• Calculate and simulate localized regulatory key figures

Key Benefits

• Interactive stress testing

• This was made operational for iPads

• Interactive scenario analysis

• Agility through instantaneous analysis with drill downs capable to

the individual transaction


Global Top 5 Investment Bank: Liquidity Risk on HANA




Business Challenges

• Increasing data requirements due to new regulatory role

• Data loading, analysis and reporting execution was hitting

processing constraints under existing system

Key Benefits

• Data analysis accelerated substantially supporting various

business, supervisory and research requirements

• Key reporting process reduced from 47 minutes to 20 seconds

• Simplified architecture that allows for easy scaling in the future

142xAccelerated reporting

on HANA


A European-Based Central Bank: Analysis and Reporting


120xFaster query

performance

Business Challenges

• Basel III calls for increased liquidity and reserves

• Sophisticated risk and capital management

Key Benefits

• Simulations executed on demand

• Credit risk management can respond faster to change

requirements

• Report runtime reduced from 8 hours to 4 minutes


Large Scandinavian Bank: Real-Time Decision Risk


Tightly Integrated, Complete Solutions

SAP offers the most comprehensive portfolio for financial

institutions, enabling a total customer experience, including

solutions for the front, middle and back office.

Proven Time to Value in

Large-Scale Implementations

The world’s leading financial institutions, across every

major segment of the industry throughout the world,

continue to rely on SAP to enable them to offer a

comprehensive customer experience.

Key Breakthrough Innovations

The SAP portfolio is based on the industry’s most innovative

technology foundation – including SAP HANA, mobile

solutions, analytics, and cloud solutions – to deliver business

process optimization and efficiency at the lowest

possible cost.

Delivering Value

Most of the world’s leading financial institutions, across

every segment, are reaping the benefits and running

better with SAP software and services.

The Value of Partnering with SAP


SAP brings a strategic partnership with unparalleled experience and a global track record in

capital markets to assist our customers on its business and IT transformation journey. Whether

a customer needs solutions to address revenue growth, cost reduction, or IT simplification

goals, SAP can partner and deliver.

The Value of Partnering with SAP

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Transcript of SAP HANA for Capital Markets Risk Management