24 February 2018
visit www.nextgenbanking.co.uk/

Algorithmics adds capital calculations to op risk package

06 December 2001  |  2730 views  |  0 Algorithmics adds capital calculations to op risk package

Toronto-based Algorithmics has launched a new module for calculating a firm's capital as part of its operational risk oversight solution, Algo OpRisk.

The Algo OpCapital module adopts an actuarial approach, by which distributions are assumed for both the frequency and severity of losses throughout the year. The module makes use of Algorithmics' Mark-to-Future simulations to produce the loss distribution.

Michael Zerbs, VP, research & product marketing, Algorithmics, says: "Ongoing calculation and reporting of a firm's operational capital forms an important element of a comprehensive operational risk system....By combining the best features of an actuarial approach with a simulation framework, our clients will realise more efficient and transparent aggregation of loss distributions, more effective use of available data and a hitherto unmatched flexibility, in terms of model selection."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Algorithmics upgrades risk package for BIS II

Algorithmics upgrades risk package for BIS II

30 November 2001  |  2668 views  |  0 comments
Algorithmics and S&P team up for credit risk management

Algorithmics and S&P team up for credit risk management

08 November 2001  |  2873 views  |  0 comments
Algorithmics bags four South African contract extensions

Algorithmics bags four South African contract extensions

12 October 2001  |  2938 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://info.nice.comvisit www.swift.com/your-needs/instant-paymentsVisit https://www.capgemini.com

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
11732 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10310 views 3 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
8505 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
8040 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
7732 views comments | 10 tweets | 14 linkedin

Featured job

Competitive
Germany, Austria or Switzerland

Find your next job