Risk event database for proactively managing operational and enterprise risk

IBM FIRST Risk Case Studies is a database of external risk case studies that enables you to analyze risk events across the financial services industry. It gives you a more holistic understanding of risk by offering a diverse range of case studies of exposures related to corporate governance, strategic issues, fraud, process errors, market practices and business risk. Offered as an annual subscription, the solution helps you improve your operational and enterprise risk management by supplementing your internal data and enabling complex scenario modeling.

Features

• **Benchmarking: **Gives you competitive insights, and enables comparative benchmarking of your internal loss data against industry peers.
• **Detailed analytics: **Includes detailed descriptions that break down each loss event to identify root cause, control breakdowns, lessons learned, management response and aftermath.
• **Quantitative analysis: **Enables you to quantitatively analyze risk data (such as loss amounts captured at the time of an event). Helps you understand the size of risk your institution might potentially be exposed to.
• **Categorization features: **Provides categorization of compliance violations, which gives you insight into regulatory trends and issues.