Operational Risk: A Sleeping Market Awakens

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LONDON--The market for operational risk solutions has long been somewhat limited. A handful of vendors and a slew of consultancies have held this space for the past two years now. However, with Algorithmics within weeks of launching its WatchDog system and new consultancies like Cap Gemini setting up practices it seems that competition is warming up. Certainly this is the view of the longest established operational risk vendor, NetRisk.

"I am expecting to see more competition in the course of the

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