Releases

Concentrating on Concentration Risk

Senior economists such as Ben Bernanke were still studying the Great 30s Depression when the financial crisis struck in full force circa 2007. Given the complexity of the modern economic and financial landscape compared to the blessed good old days - we have no reports of FWMD (financial weapons of mass destruction) from back then - we can reasonably project that economists will be studying and pontificating on causes and remedies for the current crisis for the next 100 years or so.

A mini course on risk management, its perils and the silver lining

When talking about risk management, it is not very clear what we are talking about in broad terms, definitely not getting clearer when we start getting into the details and it is even not clear how to best use the (possibly flawed) insights we produce.

FuriousBanker(TM) helps you learn risk management concepts in a fun and engaging way. This educational game series for mobiles and tablets is developed by Open Risk to enable modern interactive elearning for people working (or aspiring to work) in financial risk management.

The first episode sees FuriousBanker facing The credit detox challenge:

We are happy to publish the first installment of a trilogy that focuses on the risk factors that can turn any credit portfolio toxic.

The first topic is default correlation, a topic that is both core to understanding credit risk and much misunderstood.

Enjoy!

As part of the public beta testing programme, two new Open Risk Academy courses are accessible absolutely free (and with no strings attached :-).

The courses are introductions to measuring credit name or sector concentrations in credit portfolios. They cover the following topics:

• The concept of credit name or sector concentration - what it is and how it can be measured
• The regulatory context and how the issue is covered by requirements and regulatory guidance
• The measurement of credit name or sector concentrations using basic indicators and indexes
• The measurement of credit name or sector concentrations using more advanced (risk based) indicators

The courses run from Oct 7th till Oct 13th. Read more about prerequisites for the courses here:

Can’t turn around, we have come this far by faith…

Open Risk is now open for public beta testing.

We’ll keep the site in public beta stage for as long as needed to smooth out the rough edges.

We got the first “like” on social media, the lucky first liker earned a lifetime membership award. Now we have to think of something suitable for the second and third, as winner takes all mentality is not in our world outlook.

A CrashCourse (short course) introducing the Open Risk Academy for first time users is now available here.

A Python module of analytic solutions suitable for testing credit portfolio models has been uploaded in the Open Risk github repository

Building out further the Open Risk Academy curriculum around Credit Risk Concentration management, we just added a course on sector concentration.

Alpha testing did not reveal any fatal problems with the Open Risk Academy website. Many thanks to Odysseus for painstakingly testing everything!

As of this weekend login details were sent to select volunteers with a mission to further test drive Open Risk. This limited beta testing will be ongoing for the duration of May.

As of April 8 (late at night 🙂) the Open Risk website (this website!) is uploaded and ready for alpha testing!

Open Risk developed an online accessible version of the AQR manual that offers additional means to access and browse the Phase 2 ECB AQR Manual. The asset quality review (AQR) was one of the components of the comprehensive assessment performed by the ECB prior to assuming full responsibility for supervision under the single supervisory mechanism in November 2014

We just added a new course at the Open Risk Academy!

The course covers name concentration risk measurement, chiefly the construction of suitable metrics based on portfolio data (Free registration is required for this course)

The Risk Manual is one of the core tools of the Open Risk Commons.2

We have released a first set of article entries covering a broad area of risk management topics.

The first batch of open source tools focusing on Credit Portfolio calculations is now available here. The functionality aims to standardize Name Concentration Measurement (concentrationMetrics)

Equinox Applications

This page collects Equinox Application documentation for quick reference.

NOTE: Equinox is still in active development. As the functionality of the platform is enhanced, the documentation will be enriched and updated, following also user feedback.

Equinox Releases

This page collects Equinox non-technical release information about Equinox for quick reference. The technical elements of each release are documented in the code distribution.

NOTE: Equinox is still in active development. As the functionality of the platform is enhanced, the documentation will be enriched and updated, following also user feedback.