Moody's Analytics Selected by European Banking Authority for Services around Stress Testing
LONDON--(BUSINESS WIRE)-- Moody's Analytics, a leader in risk measurement and management, today announced that it has been appointed by the European Banking Authority (EBA) to help assist with the design, implementation and reporting of stress test exercises.
Under the agreement, Moody's Analytics will provide services that include analysis of previous stress test exercises data and methodologies, development of turnkey methodologies for benchmarking results of bottom-up stress tests, assistance with methodologies for the collection, management and storage of data, and development of turnkey and interactive tools for reporting and presentation of stress test data.
"Moody's Analytics is pleased to have been selected by the EBA to assist with macroeconomic, top-down stress testing," said Dr. Juan Licari, Senior Director for Moody's Analytics in London. "Over the past decade, we have been actively engaged in the development of stress tests, a key risk management tool. Extensive data sources and the ability to link portfolio performance with macro drivers are at the core of our stress testing methodologies."
For more information about the contract award, please visit http://ted.europa.eu/udl?uri=TED:NOTICE:47793-2013:TEXT:EN:HTML&tabId=1.
For more information about Moody's Analytics macroeconomic stress testing solutions, please visit www.economy.com/stresstesting.
About Moody's Analytics
Moody's Analytics helps capital markets and risk management professionals worldwide respond to an evolving marketplace with confidence. The company offers unique tools and best practices for measuring and managing risk through expertise and experience in credit analysis, economic research and financial risk management. By providing leading-edge software, advisory services and research, including proprietary analyses from Moody's Investors Service, Moody's Analytics integrates and customizes its offerings to address specific business challenges. Moody's Analytics is a subsidiary of Moody's Corporation (NYS: MCO) , which reported revenue of $2.7 billion in 2012, employs approximately 6,800 people worldwide and has a presence in 28 countries. Further information is available at www.moodysanalytics.com.
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