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Risk Management
New regulations – such as Basel II and Solvency II as well as the increased interest for alpha return and more use of derivatives and structured products – have increased the focus on risk issues. This leads to increased focus on how to optimise capital and to develop new pricing models, new processes, and other organisational changes and activities.

Crescore consultants have broad experience in assisting risk managers and risk controllers in defining new processes, calculation methods, and pricing strategies. Crescore has also extensive knowledge about risk systems used in the market today. We have taken part in risk system selection and have implemented risk systems for two different clients.

Market risk
Defining, estimating, quantifying, and managing market risks are necessary for companies operating on the financial markets, especially for banks that use internal models to report regulatory capital. Most financial organisations have started focusing on the market risk area to improve the overall reporting. Crescore provides methods for creating a market risk policy and for making it operational in your organisation. We improve market risk estimations using the latest mathematical and statistical methods such as Value at Risk.

Operational risk
Creescore has created a method for an operational risk process that has been implemented successfully in different companies. Our experience, however, is that it is relatively difficult to use mathematical and statistical quantifications in this area. However, if a bank works intensely with improving their operational risk methodology, the bank will be prepared if incidents occur in the future. Crescore consultants also have experience working with business continuity plans.

Credit risk
We have created a method for making a credit risk policy work operatively. Our consultants are specialised in assisting in the improvement of the credit risk estimations using the latest mathematical and statistical methods. The result from the process can, of course, be used as an internal model for credit risk. Crescore consultants also have experience implementing advanced internal models for credit risks at several banks.