"We welcome BRE as our first subscriber from Central Europe," comments Penny Cagan, Managing Director and Head of Research for Algo OpVantage. "The FIRST research team is committed to further expanding into the Central European market and into Europe as a whole, where half of our clients are located. The universal nature of the case studies means that FIRST can be used by a variety of financial institutions across diverse geographies. And this is due to the fact that banking issues such as embezzlement, fraud, money laundering, disaster recovery and regulatory pressures are global in nature."
According to Pawel Kolodziejski, head of operational risk management at BRE, the case studies "provide valuable content for our best practice program. We intend to integrate the FIRST database into the core of our operational risk activities."