Algorithmics releases credit crisis case studies

New crisis case studies on bank failures and risk losses complement Algo First database

TORONTO / NEW YORK / LONDON - Risk database Algo First has expanded to include 130 new case studies of bank failures and risk loss events arising in the past year. Algorithmics' database - now in Volume 4.2 - holds more than 8,000 case studies of operational, credit and market risk, compliance and corporate governance-related events.

The new version includes email alerts for new case studies and downloadable PDF content that Algorithmics says is suitable for presentations. Almost 100 financial institutions, including global and regional banks, asset managers and insurers, currently subscribe to Algo First.

"Our clients are telling us that the current environment has changed the way they are using the case studies in Algo First," says Penny Cagan, managing director for operational and credit risk content at Algorithmics.

"In addition to looking at the operational risks, they are now developing scenarios that are multidisciplinary and include a variety of complex risks. For many of these clients, the information has become an essential part of their holistic risk assessment," says Cagan.