Good risk management practices require a sound mathematical base.
Managing risk for Australian banks
CSIRO is working with several banks in Australia to ensure high quality risk management.
16 January 2006 | Updated 25 October 2013
Governments and the public expect exemplary standards of corporate governance.
Banks in particular have been in the spotlight to improve their risk management practices, but all large organisations can benefit from a more rigorous approach.
Australian banks must also soon comply with the international Basel II accord on banking practices.
What CSIRO is doing
CSIRO is helping several major Australian banks ensure their operational, market and credit risk management practices are of the highest standard.
This is a major issue for the banks and they recognise that CSIRO offers unique mathematical capabilities.
We can deliver not just compliance but competitive advantage.
One bank has estimated the value of our contribution at A$25-30 million.
Read more about CSIRO’s work in Identifying, measuring and pricing risk.