Starting in 2008, the terms of the New Basel Capital Accord became effective, introducing new methods of advanced risk management for banks. In order to meet the requirement of implementing new methods of measuring and the management of market risk, StatConsulting has prepared a special tool to measure this kind of risk - the StatMR application, as well as a set of dedicated services for market risk management.

Our offer in the area of market risk management includes:

• a full array of consultancy services related to market risk modeling in banks,
• consultancy in determining the validity of market risk evaluation methods,
• auditing of the existing systems and processes with respect to their statistical correctness and the requirements of the New Basel Capital Accord and the Commission for Banking Supervision,
• implementation of a proprietary solution for market risk management, including the option of performing a proof of concept in order to demonstrate the full functionality of the StatMR application,
• processing and cleansing of data gathered from multiple information systems,
• training in the field of market risk measurement and market risk management.