RMA signs up for OpVantage First database
The Risk Management Association (RMA) has signed up to use OpVantage's First (financial institutions risk scenario trend) database. OpVantage, a division of rating agency Fitch, provides operational risk software to the industry.
Philadelphia-based RMA’s mandate is to facilitate greater understanding of risk principles throughout the financial services industry. Its focus is on credit, market and operational risk, and RMA officials hope the new partnership will enrich the operational risk programs the RMA offers to its members - about 3,000 institutions.
First’s case-study approach has attracted an increasing number of clients during 2003, with more than 25 now using the database.
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