IRIS integrated risk management ag extends the scope of its financial risk management platform with RCS Riskmanagement Concepts Systems AG's operational risk coverage product

Zurich - 7 September 2006

IRIS integrated risk management ag, a leading Swiss-based provider of enterprise-wide risk management solutions, announced today the enhancement of its riskpro(tm) financial analysis platform with two products of proven Swiss quality financial software from RCS: the RCS OpRisk Suite for the active management of operational risk and INTECRA(tm), a web-based rating engine.

The RCS OpRisk Suite enables financial institutions to proactively manage operational risks at every level of the enterprise and to comply with the proposed New Capital Accord (Basel II) and other regulations such as Sarbanes-Oxley. It has been proven a success in many national or international institutions such as Commerzbank, DaimlerChrysler Financial Services, Several Swiss Cantonal Banks, State Bank of Liechtenstein, etc. Its dynamic structure enables the system to facilitate the changing rule and criteria along with the ever-changing and more sophisticated financial world.

RCS OpRisk Suite and the INTECRA(tm) rating engine can be seamlessly integrated to the riskpro(tm) financial analysis infrastructure to cover all financial and operational risk dimensions of financial analysis. The two components will be offered and implemented by IRIS and its Business Partners as part of the overall riskpro(tm) analysis offering or as stand alone.

"riskpro(tm), with its unified coverage of ALM, market risk, credit risk and regulatory reporting, is the ideal integration platform for the operational risk analysis RCS OpRisk Suite application. It brings IRIS in the unique position to satisfy consistently all analysis needs, from the regulatory requirements to best practice, having always in mind the overall goal of transparency and cost efficiency. This all out of one hand approach is particularly attractive for all those institutions that have placed unified analysis in their strategic agenda", stated Dr. Juerg B. Winter, CEO of IRIS.

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