Standard & Poor’s has launched Risk Solutions, a new unit aimed at providing financial institutions and corporations with a broad range of innovative analytical tools and services to assess and manage their credit risk. The new Basel accord highlights the increasing emphasis being placed on risk transparency and adequate capital levels for banks. Standard & Poor’s Risk Solutions will offer tools and services to help banks in this area, as well as in their expanded securtization activity. Additionally, Risk Solutions offers assistance to institutions whose credit assessment needs extend beyond the rated universe. Risk Solutions will initially focus on three core areas: consulting services aimed primarily at banks; developing existing and new products such as CreditPro and CreditModel, two software tools that provide credit analysis extrapolated from data acquired over the years within the credit ratings business; and training.
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