UniCredit Group Joins European Risk Analysis Service
UniCredit Group has joined the Risk Analysis Service (RAS), a credit risk benchmarking service jointly developed by the Risk Management Association (RMA) and AFS that is designed to enhance risk management practices. RAS allows financial institutions to measure their respective risk profiles in defined portfolio segments relative to industry peers. Based on quarterly data from participating banks, RAS provides a metric that enables individual banks to monitor risk exposures and thereby improve risk measurement and management practices. RAS is also designed to help satisfy a number of the new regulatory reporting requirements mandated by Basel II.