New oprisk products coming soon


Algorithmics, headquartered in Toronto, is launching its new operational risk software suite at its annual users conference in May.

When FitchRisk purchased Algorithmics in January 2005, each vendor had its own operational risk software product. The new suite of tools incorporates the best of both products, according to Dan Mudge, group managing director at Algorithmics. The vendor also consulted closely with users of both products before sitting down to design the new one, he said.

According to

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Investment banks: the future of risk control

This survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

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