Op risk systems come to the fore

Demand for tools to support activities in the credit markets also kept the suppliers busy, with many adding or enhancing applications for the pricing, trading and risk management of credit derivatives.

Meanwhile, impending deadlines for new regulations, such as Basel II and IAS 39, prompted many suppliers to create applications to help organisations comply. And application services provision (ASP), where analytical and other applications are made available for rent online instead of being in

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