Zoologic Unveils Operational Risk Program to Address Basel II; Fast-Approaching Deadlines Create Competitive Advantage Opportunity for Banks

Business Wire, March 8, 2005

NEW YORK -- Zoologic, Inc., the leading global provider of financial training programs, has launched a series of courses to help banks meet the challenges of structuring and implementing risk-related regulatory requirements for compliance with Basel II deadlines looming in 2006 and 2007.

Basel II is a set of regulations that encourages financial institutions to address market, credit, and operational risks company-wide.

For industry leaders in risk compliance, Basel II offers the opportunity to achieve a pronounced competitive advantage.

"Companies moving towards reducing risk and the resulting losses will see improvement in revenues and profits, as well as in public image and creditworthiness," said David Millar, Zoologic subject matter expert and specialist in corporate governance, risk management, and banking regulations, including Basel II.

As banks move from compartmentalized risk processes, handled within individual departments, to a company-wide "risk culture," Zoologic recognizes that employees across entire organizations need to develop proficiency in modern risk practices. To this aim, Zoologic has created the Risk 2K series, including courses on Operational Risk, Market Risk, Credit Risk, Basel II, and Risk Principles and Measurement. Zoologic offers these courses in a blend of e-learning, instructor-led courses, assessment, and on-the-job performance tools.

"Zoologic created this set of courses recognizing that risk processes are not only a regulatory issue, but also an ROI issue. The content reflects this thinking and seeks to infuse financial institutions with the risk culture they are seeking to create," said Stephanie Hodnett, VP of Content Development at Zoologic.

In business over thirteen years, Zoologic is unique among its competitors in understanding both the field of finance and the pedagogy of corporate education. Zoologic creates programs tailored to the needs of its clients.

For more information about Zoologic's Operational Risk program and other offerings, contact our sales organization at 1-800-482-2643 (in the U.S.) or 44 (0) 207-464-8412 (outside the U.S.).

About Zoologic

Zoologic provides finance professionals around the globe with highest-quality, cost-effective learning solutions, including instructor-led training, web-based courseware, assessment, and just-in-time reference tools. These solutions enable our clients to increase the performance and productivity of their workforce and the overall profitability of their businesses. Founded in 1993, Zoologic is headquartered in New York, NY, and serves over 450 entities in more than 45 countries.