Fitch Risk's OpVantage has released an enhanced version of its OpVar software for operational-risk management. OpVar version 5.0 enables end users to collect operational-risk data, analyze loss probabilities, scale losses to their firm and determine operational-risk profiles, including operational Capital-at-Risk. New functionality includes a data-collection module enhanced with workflow and audit-trail capability, a new curve-fitting tool that seamlessly integrates with the data analysis and simulation modules, improved process-data management and infrastructure and security enhancements.
SunGard Trading and Risk Systems has released a new version of its Credient credit-risk management system. Credient 2.1 now features CreditVaR calculations and support for issuer risk and credit derivatives. The enhanced system also includes more support for integrated credit-portfolio analysis and exposure modeling as well as data aggregation and reporting to comply with Basel II. The Credient upgrade also incorporates exposures from credit-derivative instruments, which are included in overall credit-portfolio analyses.
Wing Hang Bank, which has branches in Hong Kong, Macau and China, has signed on for Reuters' Kondor+ and Reuters Trade Processing for front-office trade capture and risk management. Wing Hang Bank will use Kondor+ and RTP for deal capture, position keeping and risk management across a range of products including foreign exchange, money market and derivatives.