Fri, 06/07/2007 - 06:58
Algorithmics Capital Analytics offers the world's most complete credit risk management solutions, according to Credit Risk Management Systems 2007 - Getting Value from Basel II, a survey of more than 400 global financial institutions.
The report from Chartis Research, a leading provider of research and analysis on the global market for risk technology, says: 'Fully-featured credit risk management systems can only feasibly be provided by companies that have both the broad array of technical capabilities and an equally impressive array of support services, to facilitate the implementation and custom deployment of credit risk solutions.'
Firms in this category, the report says, 'have been able to capitalise on the Basel II opportunity … and have the capability to sustain their growth by leveraging their customer base and moving beyond Basel II.'
Kim Olson, a managing director of Algorithmics Capital Analytics, says: 'Essential to Basel II implementation is the development of an integrated risk management architecture encompassing robust data management, advanced analytics, an efficient capital calculation system, and transparent reporting of key metrics.
'Increasingly, banks are finding that they need to focus on Pillar 2 and therefore require the capability to measure single-name and sector concentration risk, to evaluate residual risk within credit risk mitigation activities, and to perform stress tests to analyze the potential impact of adverse events. These capabilities are vital to gaining a holistic understanding of the risks facing the organisation.'
According to the Chartis report, Algorithmics has the most complete overall credit risk management offering on the market, a reflection of the fact that its business is dedicated to risk management.
Says Olson: 'The completeness of Algorithmics' offering, recognised in the report, means that institutions can work toward best practice methodologies within a single, consistent framework, beginning with the building blocks of sound credit risk management and evolving over time to incorporate the most advanced practices and risk measurement techniques.'
The report says: 'The overriding objective of the larger players in the credit risk technology space today should be the establishment of enterprise-wide risk management capabilities. These will provide a seamless integration of robust data management, compliance and governance systems integrating all classes of risks (credit, market, operational) into a single point of knowledge for performance management.'
Olson adds: 'At Algorithmics, we view enterprise-wide risk management as a fundamental driver of value creation. Integrating risk data, processes and analytics within all levels of credit decision-making enables financial institutions to evaluate new business opportunities, set risk-based pricing, and manage credit portfolios in an efficient and rational manner, enabling the bank to target credit exposures that provide the best return relative to risk.
'It also enables senior management to proactively pursue business strategies that increase deal volume and maximise profitability within the boundaries of the institution's risk appetite. As the major wave into total integration, predicted by Chartis, rolls forward, Algorithmics continues investing to extend its leading role in this market.'
Algorithmics is a leading provider of enterprise risk solutions whose software, analytics and advisory services are used by financial organisations around the world for market, credit and operational risk, as well as collateral and capital management. The firm is a member of the Fitch Group, parent company of Fitch Ratings, which also includes Derivative Fitch, provider of a suite of ratings and comprehensive services for the credit derivatives market, and Fitch Training, which offers analytical training for financial professionals.
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