Société Générale has entered into a subscription agreement with Fitch Risk to access OpVantage's financial institutions risk scenario trend (First) database of operational risk case studies.
Fitch Risk says the First database contains 4500 case studies of operational risk loss events and is designed to help firms determine and manage exposures.
Société Générale will use the First case studies to identify risk and controls within its scenario analysis and control self assessment processes.
Elisabeth Jeandel, head of operational risk at Société Générale, says: "The case study approach is one that makes sense for our operational risk management programme. We are committed to implementing tools that expand our best practice efforts as well as provide us with greater transparency to potential risks."