The first tool designed for operational risk scenario quantification.
MSTAR is based on an analytic decomposition of an expert risk assessment; typically a classical Frequency and Severity rating, into a structured graphical model. Users can use MSTAR’s intuitive functionality to share and collaboratively improve the model design. The completed models are then quantified combining internal or external data as well as expert judgment.
• MSTAR drives improved risk management behavior, because it :
- Elicits a deep understanding of the risk and related drivers,
- Entails a clear formalization of how these drivers influence the risk level
- Enhances transparency of assessment process and facilitates review and challenge
• MSTAR helps all stakeholders understand the process, as they all contribute to the model design and quantification - MSTAR models are the opposite of black boxes.
• MSTAR increases the chances that the regulator agrees that it is fit for purpose, since it allows a capital calculation which is in line with the business and risk profile of the company.
MSTAR is used for regulatory capital and operational risk stress-testing frameworks.
MSTAR is in use within internal models approved by regulators: ACPR & PRA.
Nasdaq BWise is a global leader in Enterprise Governance, Risk Management and Compliance (GRC) software. Based on a strong heritage in business process management, the BWise® GRC Platform provides companies with highly-rated, proven software solutions for Risk Management, Internal Control, Internal Audit, Compliance & Policy Management, IT GRC and Sustainability Performance Management.
BWise's end-to-end solutions support an organization's ability to understand, track, measure, and manage key organizational risks. Nasdaq BWise helps companies truly be in control by balancing performance with their financial and reputational risks, improving corporate accountability, increasing financial, strategic and operating efficiencies. Using BWise, organizations are able to efficiently comply with anti-corruption regulations like FCPA and the UK Bribery Act, the Sarbanes-Oxley Act, European Corporate Governance Codes, ISAE3402/SAS-70, PCI-DSS, Solvency II, Basel II and III, Dodd-Frank, ISO-standards, and many more.
Nasdaq BWise sales, service and support offices around the globe provide for the GRC needs of hundreds of leading companies worldwide. For more information, visit www.bwise.com.
Oxial's New Generation GRC solutions are entirely built to address some of the greatest challenges impacting organisations that are faced with Risk Management, Internal Control and Compliance and Audit. Oxial's integrated GRC platform enables organisations to become more efficient and effective in mitigating risk by integrating and automating GRC processes on a global scale. Featuring intuitive and powerful tools that make it possible to respond to fast-evolving risk environments, Oxial makes it easy to synchronise corporate governance, enterprise risk management and corporate compliance activities and undertake real- time monitoring across all business and IT processes and company assets. Oxial operates globally across multiple industries and meets the needs of over 40 customers who have chosen Oxial to drive business performance and achieve success. For more information, visit www.oxial.com
At BCS Consulting we only work with clients across financial services. Our portfolio includes a varied range of multinational and UK banks, smaller banks, insurance firms and payment and card companies. Across our 140+ strong team of permanent consultants, we have deep domain knowledge in Capital Markets, Retail and Corporate Banking, Risk and Finance.
Marsh is a global leader in insurance broking and risk management. In more than 130 countries, our experts help clients to anticipate, quantify, and more fully understand the range of risks they face. We offer risk management, risk consulting, insurance broking, alternative risk financing, and insurance programme management services. Oliver Wyman is a global leader in management consulting. With more than 4,500 professionals and offices in 50+ cities across nearly 30 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. Marsh and Oliver Wyman are wholly owned subsidiaries of Marsh & McLennan Companies (NYSE: MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy, and people. With 60,000 colleagues worldwide and annual revenue exceeding $13 billion, Marsh & McLennan Companies also include global leaders Guy Carpenter and Mercer.
MetricStream is the market leader in integrated governance, risk and compliance (GRC) and operational risk management solutions for banks and financial services organisations. MetricStream GRC solutions are used by leading retail banks, commercial banks, asset managers, investment banks, stock exchanges, federal agencies and financial institutions for automating and streamlining risk, compliance, policy and auditing programmes across the enterprises. The MetricStream solution includes integrated functionality for documenting risks, defining controls, managing assessments, identifying issues and implementing remediation plans that are based on industry-specific standard frameworks, best-practice workflows, powerful analytics and embedded risk control libraries. The solution provides a multidimensional approach for managing risk through advanced risk and control assessments, real-time risk intelligence metrics, a centralised loss database, and integrated issue tracking supported by built-in risk analytics and reporting functionality. The MetricStream operational risk management solution is based on the industry-leading enterprise GRC platform that has been categorised in the leadership quadrant by leading independent industry analysts.
IBM risk analytics solutions enable the world's most successful companies to make risk-aware decisions through smarter enterprise risk management programs and methodologies-driving business performance and better outcomes.
The combined risk management capabilities of IBM® Algorithmics® and IBM OpenPages® can help your company achieve profitable growth and address increasing demands for regulatory compliance in today's volatile and complex market conditions.
IBM risk analytics solutions enable you to:
• Improve decision making by providing risk analysis, insight and transparency.
• Increase return on capital by making risk-informed decisions on how to optimize capital allocation and qualify for regulatory incentives under Dodd-Frank, Basel II/III, Solvency II and more.
• Accelerate and streamline risk processes to reduce costs from credit losses and manage operational risk.
• Reduce the cost of regulatory compliance.
• Dynamically evolve with a risk architecture that can efficiently adapt as risk management practices, client demands and regulations change.