Operational Risk Management

- Algo OpVaR capital modeling allows clients to effectively measure and manage operational risk

Algorithmics, the leading provider of risk solutions, today announced that it has been awarded a patent for its operational risk capital modeling framework. The patent recognizes Algorithmics’ investment in its operational risk solutions at a time when operational risk management is receiving considerable regulatory attention.

Broker/Dealers and Investment Managers Applaud Joint Efforts to Reduce Operational Risk

89% of Respondents Say Technology Solutions Will Assist in Managing and Mitigating Risk in the Future

Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today unveiled the results of a survey indicating that risk management is a critical challenge at investment firms, and that a majority of respondents believe the answer lies largely in new technology.

- 99% of respondents said the importance of operational due diligence has increased

- 99% of respondents said the importance of operational due diligence has increased

CCH Sword, a leading developer and supplier of operational risk control solutions and a part of CCH, a Wolters Kluwer business, has been positioned by Gartner, Inc. in the Visionaries quadrant of the Magic Quadrant for Operational Risk Management Software for Financial Services.* The Magic Quadrant assessed 18 vendors that offer operational risk management (ORM) software applications for financial institutions.

Algorithmics announced today the launch of a hosted version of its award-winning operational risk and compliance solution, Algo OpVar. Hosted by Algorithmics and delivered online, Algo OpVar Service delivers sophisticated operational risk management tools without the cost of maintaining internal infrastructure.

Leading analyst, Chartis Research, forecasts the worldwide operational risk management (ORM) market to grow to $1.68bn by 2013 at a compound annual growth rate (CAGR) of 6.9%. This growth is fuelled by:

SunGard has been selected by leading banks in Mexico to help manage their operational risk. SunGard’s Ambit Risk & Performance has been chosen by the banks to help identify, quantify and manage operational risk as well as compliance with Basel II regulatory requirements.

Speaking at GCOR III (Global Conference on Operational Risk III) in Boston this week, Algorithmics, the world's leading provider of enterprise risk solutions, discussed the operational risks behind the credit crisis and identified some key improvements to operational risk best practice as an important part of the solution.