Fitch Risk to Update OpVar 5.0


Fitch Risk, a unit of rating agency Fitch, plans to release a March update of its OpVar software, which provides a database of operational loss events and software that helps banks better model operational risk.

OpVar 5.0 will include a data collection module with work flow and audit trail capabilities, integrated distribution fitting curves, an improved process for data management and enhancements to infrastructure and security.

The workflow capability is designed to make the notification,