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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

Recorded Webinar: How to organise, integrate and structure data for successful AI

Artificial intelligence (AI) is increasingly being rolled out across financial institutions, being put to work in applications that are transforming everything from back-office data management to front-office trading platforms. The potential for AI to bring further cost-savings and operational gains are limited only by the imaginations of individual organisations. What they all require to achieve...

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Data Management Insight
BLOG

Data Transparency ‘Crisis’ Hampering Private Markets: Report

Private markets investors are dogged by a “data transparency crisis” that is exposing them to greater risk of compromising their fiduciary integrity and losing their competitive edge, according to a new report. In what the authors call a private markets paradox, the report by Rimes states that investors are beset by a lack of data...

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Data Management Insight
EVENT

RegTech Summit London

Now in its 9th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

16 October 2026
RegTech Insight
GUIDE

Practicalities of Working with the Global LEI

This special report accompanies a webinar we held on the popular topic of The Practicalities of Working with the Global LEI, discussing the current thinking around best practices for entity identification and data management. You can register here to get immediate access to the Special Report.

02 December 2014
Data Management Insight