Fund-Technology.com

List Group seek to help banks meet new regulatory requirements

Posted: 26 March 2009

List Group, a technology provider, has announced it is working with risk management experts to deliver more sophisticated operational risk analysis software, as regulators prepare to adopt stricter capital adequacy requirements.

Alessandro Casali, List Group's Director of Governance Risk & Compliance, said: "Operational risks such as fraud, non-compliance of regulations and acts of terrorism are responsible for some of the biggest losses in the financial services sector. To reduce the potential impact of these risks we are drawing on the experience of risk management experts and combining this with List's analysis software.

"This approach provides quantitative views, as opposed to only qualitative views of risk and enables financial institutions to conduct a more accurate and mathematical evaluation of operational risk. This is important as regulators review capital adequacy requirements in a bid to stabilise the banking sector."

List is working with financial institutions and risk management consultancies in Europe, the US and Asia. It has developed and deployed Advanced Measurement Approach (AMA) operational risk management solutions for 12 financial institutions in Europe and the US and has implemented more than 30 installations in total.

 

 

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