TORONTO, CANADA - October 1, 2004 - Algorithmics Incorporated, a world leader in enterprise risk management solutions, has announced that the annual Algo Credit Conference will be held in Vienna, Austria from November 10 - 12, 2004. This year's conference will bring together a diverse group of international risk professionals, IT experts, media, analysts and technology partners to discuss a major issue facing the financial services industry: How to address the practical challenges of integrating risk and finance in the context of Basel II. Presentation topics will discuss how institutions are striking the balance between taking the necessary incremental steps towards compliance in the short-term versus balancing the long-term strategic goals of Basel II.
The Algo Credit Conference, now in its fifth year, was established to provide a focal point for best practice in enterprise risk management. Conference delegates will have the opportunity to learn from the experience of peers through case study presentations as well as briefings by industry experts. To provide a regulatory perspective, this year's keynote speaker is Lorey Arthur Hoffman, Senior Director at the Office of the Superintendent of Financial Institutions (OSFI) in Canada, with responsibility for the implementation of Basel II for Canadian AIRB banks as well as the operation of OSFI's credit and operational risk supervisory resources.
This year, the Algo Credit Conference will be held in conjunction with the Algo Collateral Conference. The Algo Collateral Conference will focus on practical issues facing institutions as they deal with the challenges of the rapidly evolving collateral management landscape. Presentations will include real-life case studies that illustrate the business, technical and regulatory considerations in effective collateral management. Further, in-depth session and live demonstrations will showcase new developments including advances in the integration of Algo Collateral and Algo Suite. The events are expected to draw well over 200 risk professionals.