Press Release
Basis Point Group Granted Trademark for Unrealized Risk®.
Creates Common Language for firms to describe Potential
for Realized Risk.
June 6, 2008 Basis Point Group (www.basispointgroup.com)
announces the introduction of Unrealized Risk®, a
new, tested measure of operational process quality and risk. Applying
the concept of Unrealized Risk® allows firms to access
potential for increased realised operations risk. Utilizing the
stream of financial events that affect client accounts, it provides
a broader and more immediately useful measure for line, middle and
senior management.
Unrealized Risk® is fundamental to Basis Point
Group's (BPG's) patent pending OPERA®
Operations Performance Measurement, Attribution and Improvement
approach. Developed to compliment Investment Performance Attribution,
BPG has created a common language through their OPERA®
methodology to incorporate and exceed the standards all current
process controls, regulatory, and risk requirements. Unrealized
Risk® provides a straightforward, quantifiable context
for integrating and comparing the numerous quality and risk measures
currently in use to manage business.
"Unrealized Risk® represents both quality and
processing risk represented in a single performance index,"
says BPG Partner Bob Fawls, "This is a major operations advance
that allows firms to normalize the results of hundreds of operations
and risk measurements into a coherent measurement framework."
Basis Point Group produces operations
performance indexes for four major fixed income markets and
publishes a number of these indexes monthly in partnership with
OpRisk & Compliance magazine. The OPERA® database
currently contains over eleven years and more than two million financial
operational events from which Basis Point Group produces a benchmark
performance scale, used to determine where individual firms fall
in established performance bands.
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Contact: Robert Fawls, Basis Point Group
Phone: 617-737-1500
Email: bob.fawls@basispointgroup.com
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