Risk Management Briefs

Sakonnet Technology releases Picasso 2.0; eRisk to host a discussion on the new Basel Accord; Risk management technology to be the focus of the second annual Dealing with Risk conference.

Sakonnet Technology, a provider of online commodity trading and risk management services, has released Picasso 2.0 energy trading solution on an application service provider (ASP) basis. Picasso 2.0 covers trading and risk management for physical and cash contracts in OTC markets and on exchanges in the U.S. and European crude oil, refined products and natural gas markets. It provides modules for trade capture, curve generation, position and market risk reports and portfolio stress testing for clients.

In the next of its online conferences, eRisk will host a discussion on the new Basel Accord. William Treacy, senior supervisory financial analyst for the Federal Reserve Board's Division of Banking Supervision and Regulation and member of the Models Task Force of the Basel Committee, will explain the new regulatory requirements for credit ratings, how to be in compliance and the benefits of doing so. The conference will take place Tuesday, February 13th at 12 noon EST. For more information go to eRisk.com.

Risk management technology will also be the focus of the second annual Dealing with Risk (DWR) conference taking place in New York on Wednesday, February 7th. DWR focuses on technological advances in the global risk arena and includes an exhibition of financial applications and solutions as well as vendor presentations.