Risk Interchange Format News Today : Breaking News, Live Updates & Top Stories | Vimarsana

<p><span>ISDA has won Risk.net&rsquo;s 2022 Innovation in Technology award for Perun, part of ISDA&rsquo;s Standardized Approach (SA) Benchmarking initiative.</span></p>

<p><span>ISDA has today been recognized in the Risk Awards 2022 for the ISDA Standardized Approach (SA) Benchmarking initiative, which has won the Innovation in Technology category.</span></p>

<p><span>Reporting of risk data has never been the easiest of tasks, either for banks or regulators. Different firms capture the information in different ways, which then needs to be submitted to different regulators across numerous jurisdictions in a variety of formats, creating an operational headache and the potential for errors and inconsistencies. There&rsquo;s now an opportunity to change this amid increased use of a common standard for risk data &ndash; a development that, as adoption grows further, will dramatically reduce the burden of compiling and interpreting ri...