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Bank Austria Creditanstalt Licenses Fitch Risk’s OpVantage First Database for Operational Risk

1 January 2004
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Bank Austria Creditanstalt has subscribed to Fitch Risk’s OpVantage financial institutions risk scenario (First) trend database. First contains 4,500 case studies of operational risk loss events. It is aimed to helping financial services firms to determine and manage their exposures. BCCA plans to use First in its self-assessment process for operational risk. Fitch Risk is an independent affiliate of Fitch Ratings, and a wholly owned subsidiary of Fimalac, a Paris-based business services group.

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Related content

WEBINAR

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ExchangeTech Summit London

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The European corporate actions market could be the stage of some pretty heavy duty discussions regarding standards going forward, particularly with regards to the adoption of both XBRL tagging and ISO 20022 messaging. The region’s issuer community, for one, is not going to be easy to convince of the benefits of XBRL tags, given the...

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