PROGNOZ attends London stress-testing conference

Perm | December 12, 2011—PROGNOZ solutions were showcased at the sixth annual stress-testing conference held in London, December 1–2, 2011. The event brought together keynote speakers from 34 top European banks, including Raiffeisen Bank, Swedbank, Barclays, Lloyds Bank, HSBC, and others, to discuss Europe’s latest stress-testing strategies and practices.

At the conference, PROGNOZ held a workshop that brought together well-known financial modeling experts, such as Prof. Didier Sornette of the Swiss Federal Institute of Technology Zurich (ETH Zurich), Professor Fabrizio Lillo (University of Palermo), and Sergey Ivliev, Managing Director of PROGNOZ Financial Markets Division and Risk Lab. Mr. Ivliev outlined a market risk stress-testing concept developed by PROGNOZ and demonstrated the PROGNOZ. Market Risk prototype. The solution enables interactive scenario modeling and provides decision support to select shocks. Technology and methodology developed by Russia-based PROGNOZ were of great interest to the conference participants.