News

Cnet Group intensifies cooperation with its local consulting partner DEKA Controlling on the territory of Kazakhstan and Central Asia. Main focus of the cooperation will be provision of innovative concepts, approaches and tools to financial and nonfinancial institutions in the area of Enterprise Performance, Risk Management and Controlling, Balanced Scorecards, Management and Optimization of Business Process.

This intensified cooperation will provide response to the growing demand on high quality products and services coming from traditional industry sectors in the region. This new wave of demand for improvement is mainly driven by pure business decisions (and not just compliance) and at the same time desire for a sound, optimized and continued growth.

The highly experienced consulting teams of both DEKA Controlling and Cnet Group will join their yearlong hands-on project experience and accumulated know-how in order to guarantee efficient and on-time provision and completion of projects and services.

In cooperation with 6 leading European Universities and Research Institutes from United Kingdom, Slovenia, Italy, Belgium and Germany Cnet Group and PROSPERO AG have successfully submitted EU project proposal within the scope of the Seventh Framework Program, Call FP7-ICT-2009-5.

The focus of the project is discovering and monitoring of unauthorized genetically modified organisms (GMOs) and GMO-derived products (ingredients in foods, medicines, etc.) entering a jurisdiction without proper authorization. Main aim is to develop concepts and tools for clue-based Web investigative information exploration of large and heterogeneous resources, providing support for scientific, criminal and other forms of investigation.

Cnet Group and PROSPERO will contribute with its extensive hands-on experience in the fields of Pattern Cognition, Artificial Intelligence and Evolutionary Learning as well as experienced developers and integrators of intelligent IT systems.

Chartis Research is a respected firm with long-standing knowledge of the risk management technology marketplace. Chartis has consistently ranked The Avanon System highly for its "completeness of functionality", thereby validating companys product strategy.

Chartis Research 2009

QuantRisk Russia  organizes two days seminar  in Riga dedicated to the topic of

"Stress-Testing methodology in the area of Financial and Operational Risks"

The seminar will be held in Russian language. Below are some of the topics to be covered during the seminar:

First day: Stress-testing

• Stress-testing approach
  • Historical scenarios
    
  • Hypothetical scenarios
    
  • Mechanical scenarios
    
  • Methods for stress-testing in Credit Risks
    
  • Methods for stress-testing in Liquidity Risks
    
• Advantages and disadvantages of stress-testing
  • Stress-testing as coherent measurement of risk
    
  • Subjective assignment of probabilities
    
  • Complexity of stress-testing
• Stress-testing: Recommendations of Federal Service Authority (GB)
  
  • Analysis of market failures
    
  • New requirements of FSA regarding stress-testing
    
  • What is a „reverse stress test“ ?
    

Second day: Stress-testing in the area of Operational Risk

• Scenario analysis of Operational Risks
  • Significance and capacity of scenario analysis
  • Quantification of Operational Risks
    
  • Scenario analysis as significant component in a Risk Management System
    
• World practices in scenario analysis of Operational Risks
  
  • Scenario analysis in JPMorgan Chase
    
  • Stress-testing and AMA approach
  • Example of stress-testing: risk of natural disasters and catastrophes
    
  • Stress-testing in time of crisis. Analysis of Basel II recommendations
• Operational Risk Management - Lessons from the past
  Case studies - Implementation of best industry practices

In case of interest please find more information about the content of the seminar and corensponding registration form by visiting  Events or request additional information by sending an email to

QuantRisk Russia  organizes two days seminar  in Almaty dedicated to the topic of

“Risk Management in times of crisis”

The seminar will be held in Russian language. Here are some of the topics which will be covered during the seminar:

• Lessons learned from the crisis. Crisis/failure of well known approaches for managing risks
• Application of conservative quantitative methods for assessment of Credit Risk 
  
• Managing corporate risk in times of crisis.
  
• Risk Management in times of crisis – Recomendations

For interested professionals please find more infromation about the content of the seminar and registration for it by visiting  Events or request additional information by sending an email to

Vienna - Moscow

Cnet Group and QuantRisk Russia have entered into a strategic partnership. This partnership is based on close cooperation in diverse consulting projects on the territory of Russia and the CIS region. Both companies will provide consulting services on modern, state of the art concepts and approaches in the areas of Compliance, Risk and Performance Management to financial and nonfinancial institutions.

“We are absolutely confident that this new partnership will both, facilitate our business expansion on the territory of Russia and CIS and will offer us the unique possibility to work and exchange knowhow with extremely talented and highly experienced professionals. We are looking forward with well-grounded optimism and the vision to extend this cooperation beyond Russia and CIS in the near future” Mr. Viktor Lekov, Business Development Executive Cnet Group

About QuantRisk

QuantRisk is Risk Management consulting company with high reputation in Russia and CIS Markets. The company has strong knowledge in ERM with experience in the Banking industry, Oil & Gas and its highly experienced team of professionals is closely working with the Russian Academy of Science.

About Cnet Group

Cnet Group is international consulting company providing consulting services and implementation of high-end solutions in the areas of Enterprise Risk, Performance and Compliance Management to banks, insurance companies and companies from other industries in Europe, Central Asia and the Middle East. 

Sofia

In cooperation with experts from Bulgarian National Bank, Cnet Group and PROSPERO AG (Switzerland) have organized a conference dedicated to the topic of:

“Innovative Concepts and Systems for Proactive Credit Risk Management”

The event took place in “Grand Hotel Sofia” on December the 9th, 2008. Within 4 hours following topics were presented and discussed:

• Recent Credit Crunch – Consequences and the way forward
• Application of Credit Risk Techniques in Bank Management
  
• Compliance Driven versus ROI oriented & proactive Risk Management – Who will survive!
• Presentation of the most innovative concepts and state-of-the-art technology for intelligent analysis of the customer’s creditworthiness in a fully automated self learning processes
  • Automated Scoring / Rating Model Development
  • Optimization, Validation and Calibration of Credit Rating & Scoring Models
• Presentation of real case studies
• Q&A

Interested professionals can receive more information about the content of the conference by sending a request to the following E-Mail address:

Vienna – Sofia – Moscow

RCS Riskmanagement Concept Systems AG and Cnet Group have organized in cooperation with Ernst&Young Russia (CIS) one day Conference dedicated to the topic of Operational Risk Management in the financial industry

More than 25 leading financial institutions, customers of Ernst & Young Russia (CIS), have participated in the event. Within three interactive sessions following topics were discussed:

• Key factors for a successful implementation of an enterprise-wide Operational Risk Management System (E&Y Russia CIS)
• Conceptual Gap Analysis of existing infrastructure. Local specifics and typical project constrains (E&Y Russia CIS)
• Operational Risk Management – Lessons learned form the past (RCS & Cnet Group)
• Implementation of best industry practices (RCS & Cnet Group)
• Hands-on project experience in solving typical Enterprise and Operational Risk Management issues in the practice with RCS OpRisk Suite (RCS & Cnet Group)

Besides the area of Enterprise and Operational Risk Management Cnet Group actively works with E&Y Russia (CIS) in Russia, Azerbaijan and Kazakhstan on multiple projects also in the area of Credit Rating Calibration, Implementation of advanced Credit Scoring Systems, Management of Loan Generation and Credit Approval Processes and implementation of Enterprise wide Performance and Process Management Systems

Vienna – Sofia – Donetsk

In the frame of a pilot project for implementation of a testing environment of the Enterprise Risk Management system of RCS (Switzerland) at the largest Fuel and Energy Provider in Ukraine - DTEK, Cnet Group has successfully completed 2 days training on the RCS OpRisk Suite 4.1

Working on real-time environment users became acquainted with the following modules:

• System Administration
• Loss Data Collection
• Self Assessment
• Key Risk and Performance Indicators
• Action Tracking
• Reporting
• Quantification

Gaining significant hands-on experience during these 2 days DTEK Risk Managers will have the possibility to test the Enterprise Risk Management System of RCS within the next few months. Risk Management concepts developed internally and with the assistance of Ernst & Young Russia (CIS) will be implemented and tested within the system in a real-time modus.

About DTEK

DTEK - the leader in the fuel-energy market of Ukraine is a vertical integration of enterprises that build up an efficient production chain, from coal production to electric power generation and distribution. Over 50 000 people work at the enterprises located in Donetsk, Dnepropetrovsk and Lugansk Regions. DTEK’s development strategy for the forthcoming years foresees an increase in corporate governance efficiency, optimization of key business processes and the introduction of new technologies.