OpVar 4.2 unveiled
New York-based operational risk quantification firm OpVantage - a division of Fitch Risk Management - has launched version 4.2 of its OpVar operational risk product suite. The suite allows users to collect op risk data, analyze loss probabilities, scale these losses to their firm and determine op risk profiles, including operational capital-at-risk.
• A web-enabled data collection module - this java-based application, which resides on the corporate intranet, facilitates the collection of op risk data throughout all levels of an organization. It allows users to add an unlimited number of customized data fields and personalize the module to track items such as activities and products and include these items for reporting purposes.
• Modeling - additional frequency and severity
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