Risk management needs to be holistic, interactive and imaginative, says leading risk management provider

Toronto/London - April 8, 2008 -

Michael Zerbs, President and COO Algorithmics, will be speaking at Algorithmics' Credit & Capital Conference - Basel and beyond: tackling today's complex credit environment - on 10th April 2008, London

Leading risk practitioners, regulators and academics will be speaking at Algorithmics' Credit and Capital Conference on April 10th, where they will be giving their views on the evolution of credit risk management in response to current market dislocations.

"Risk management needs to be holistic, interactive and imaginative", says Michael Zerbs, President and COO of Algorithmics. "Holistic - because good risk management is about controlling risk at the enterprise level to understand how exposures across business units may be compounded or mitigated. Interactive - because risk management is all about understanding, radically questioning and, at times, rapidly changing underlying assumptions. Imaginative - because it is important to understand that risk management is not an exact science. It is critical that we explore what we don't know, rather than perfect what we know."

This event is part of Algorithmics' 2008 Credit & Capital Connection Series, which is an educational exchange for the financial services industry on how to progressively address Basel ll compliance, integrate comprehensive capital and credit solutions, and reap the rewards of best-practice risk management. Michael Zerbs will be joined by Grant Kelly of Nedbank, Kevin Ryan from the UK Financial Services Authority, Paolo Sironi from Intesa Sanpaolo, Magnus Augustsson from HYPO Real Estate Group, Damiano Brigo from Fitch Solutions and Imperial College and Ben De Prisco and Ruben Garcia Moral of Algorithmics.

Grant Kelly, Head: Corporate Banking Credit Risk at Nedbank, said: "Our approach to Basel II is to embrace risk management as a core competency. Ultimately, our goal is to measure, understand and manage Nedbank's risk, to enable us to make informed and accurate business decisions on a holistic basis."

Paolo Sironi, Head of Counterparty Credit Risk at Intesa Sanpaolo, added: "What's important to us is achieving best practice compliance in a manner that can be leveraged for management purposes."

Algorithmics will be holding its Credit and Capital Conference - Basel and beyond: tackling today's complex credit environment - in London on 10th April 2008. For more information about Algorithmics Basel II products, please visit: www.algorithmics.com/EN/solutions/regulatorycapital/

Notes to Editors:

Media invitation
If you are a journalist and would like to attend this conference, please contact MaryJo.Penney@algorithmics.com

Algorithmics is the world's leading provider of enterprise risk solutions. Financial organizations from around the world use Algorithmics' software, analytics and advisory services to help them make risk-aware business decisions, maximize shareholder value, and meet regulatory requirements. Supported by a global team of risk experts based in all major financial centers, Algorithmics offers proven, award-winning solutions for market, credit and operational risk, as well as collateral and capital management. Algorithmics is a member of the Fitch Group.

Fitch Group is the parent company of Fitch Ratings, a global ratings agency committed to providing the world's markets with independent, timely and prospective credit opinions. With 49 offices worldwide, Fitch Ratings' global expertise spans across capital markets in over 150 countries. Fitch Ratings is headquartered in New York and London.

The Fitch Group also includes Fitch Solutions, a distribution channel for Fitch Ratings products and a provider of data, analytics and related services; and Algorithmics, the world's leading provider of enterprise risk solutions.

The Fitch Group is a majority-owned subsidiary of Fimalac, S.A., headquartered in Paris, France. For additional information, please visit www.fitchratings.com www.algorithmics.com and www.fimalac.com

For further information please contact:

Heather Smith, Senior Communications Manager, Algorithmics (UK) Ltd
Direct line +44 (0) 20 7392 5820
Mobile +44 (0) 7515 974 223
E-mail MaryJo.Penney@algorithmics.com

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Press Contact

Heather Smith
Senior Communications Manager
Tel:  +44 (0)20 7392 5820
Mobile: +44 (0) 7515 974 223
Fax: +44 (0)20 7395 5701
email: Heather.Smith@algorithmics.com