RMA signs up for OpVantage First database

The Risk Management Association (RMA) has signed up to use OpVantage's First (financial institutions risk scenario trend) database. OpVantage, a division of rating agency Fitch, provides operational risk software to the industry.

The database is a collection of almost 4,500 operational event case studies that can be analysed to assess relative risks and appraise contingency plans. Maurice Hartigan, chief executive of the RMA, said it would provide the association with a rich source of information, essential to understanding operational risk.

Philadelphia-based RMA’s mandate is to facilitate greater understanding of risk principles throughout the financial services industry. Its focus is on credit, market and operational risk, and RMA officials hope the new partnership will enrich the operational risk programs the RMA offers to its members - about 3,000 institutions.

First’s case-study approach has attracted an increasing number of clients during 2003, with more than 25 now using the database.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here