New product launches galore in March

WORLDWIDE – It's spring, and so operational risk software firms must therefore be launching upgrades or new products. What is encouraging for the op risk discipline is the number of new vendors that are coming on the scene, and the range of existing software vendors that are now adding op risk functionality to their products – risk management executives have not had quite this selection of tools to choose from for some time.

Basis Point

To begin with, the London-headquartered Basis Point Group, a global investment operations performance consulting firm, announced the launch of OPERA – BASEL II, which applies its operational metrics methodology, OPERA, to Basel II operational risk measurement requirements. Basis Point Group's approach allows banks to assess on-going operational and process risk using information generated in daily operations. The methodology was developed in response to banks' limited ability to