On May 28th 2015 in Stockholm, Modelity was awarded the prize for Best Risk Management Provider. Modelity was given this award for its contribution in standardizing the methodology of structured products’ risk classification in the Nordic region. Risk measures are a significant layer in the upcoming PRIIPs regulation.
The standard covers, for the first time, Credit Linked Notes. These products have become an important part of the Nordic structured products market, gaining a high market share and in some cases a higher share than equity products. Until now, there was no procedure for assessing their risk.
Ayal Leibowitz, CEO at Modelity says, “Modelity has been working together with SPIS, the Swedish structured products association, to assist in standardizing the methodology of the structured products’ risk calculation.”
Ayal Leibowitz received the award on behalf of Modelity in Stockholm on May 28th, 2015.