OpenPages Capital Modeling : OpenPages Operational Risk Capital Modeling application is an integrated tool that provides a set of tools to analyze, simulate, and quantify operational risk capital by using a variety of methods.

The tool offers three DIFFERENT approaches to calculate operational risk capital, the Basic Indicator Approach (BIA), the Standardized Approach (TSA), and also the Advanced Measurement Approach, which provides an actuarial-based, bottom-up method for aggregating loss calculations by developing best-fit frequency and severity estimates. The application can estimate capital by using multiple data sources, which include internal loss data, external loss data, and structured scenario data. It also provides advanced modeling features, such as copula based correlation.

The application is also integrated with the OpenPages Operational Risk Management module, which allows you to SIMULTANEOUSLY collect, model, and report on operational risk data and capital. You can apply the robust OpenPages platform framework to capital models, such as role based SECURITY and audit trail and create cross-functional, capital modeling reports by using IBM Cognos®. By providing a one stop shop for operational risk management and measurement, OpenPages Operational Risk Capital Modeling application allows you to accurately measure and mitigate your operational risk.

Key feature include:

• Integration with OpenPages Operational Risk Management module
• Monte Carlo simulation engine to calculate capital at multiple confidence interval levels
• Simulation of DISTRIBUTIONS for internal loss data, external loss data and scenario data by using IBM SPSS® Statistics
• Enhanced loss data analysis
• Numerous frequency and severity distribution choices
• Copula-based correlation
• Fully integrated curve fitting tool
• Audit trail
• Cross functional reporting

OpenPages Capital Modeling : OpenPages Operational Risk Capital Modeling application is an integrated tool that provides a set of tools to analyze, simulate, and quantify operational risk capital by using a variety of methods.

The tool offers three different approaches to calculate operational risk capital, the Basic Indicator Approach (BIA), the Standardized Approach (TSA), and also the Advanced Measurement Approach, which provides an actuarial-based, bottom-up method for aggregating loss calculations by developing best-fit frequency and severity estimates. The application can estimate capital by using multiple data sources, which include internal loss data, external loss data, and structured scenario data. It also provides advanced modeling features, such as copula based correlation.

The application is also integrated with the OpenPages Operational Risk Management module, which allows you to simultaneously collect, model, and report on operational risk data and capital. You can apply the robust OpenPages platform framework to capital models, such as role based security and audit trail and create cross-functional, capital modeling reports by using IBM Cognos®. By providing a one stop shop for operational risk management and measurement, OpenPages Operational Risk Capital Modeling application allows you to accurately measure and mitigate your operational risk.

Key feature include: