Wall Street Access, a NYSE-member brokerage firm, is offering Risk Analyzer risk analysis tools to its customers. Through an agreement with RiskMetrics, Wall Street access will provide the Risk Analyzer tools through its online trading platform Access Point. The Risk Analyzer functionality includes portfolio risk analysis, "what if" analysis, optimization/risk vs. return, risk alerts/portfolio alerts, event risk and sector analysis.
Oliver, Wyman & Company, a financial services strategy-consulting firm has formed a working relationship with OpRisk Analytics to provide clients with operational risk consulting, data and software. The collaboration will provide consulting on enterprise level risk measurement and economic capital frameworks, development of risk management and mitigation techniques and operational risk transfer advisory. Clients will also have access to an external public loss database for information on publicly reported operational losses. The relationship will also be the basis for two new product releases developed in collaboration with IBM. To be released in the second quarter, the products include a Web-based internal data collection and scorecard tools and a data analysis and VaR modeling tool.