Asia-Pacific spending on credit risk estimation systems to grow at 16.6% annually

Financial Insights expects regional investments in credit risk applications for three functional systems: default probability estimation, credit portfolio management systems, and global limits management systems, to compound at an aggregated rate of 16.6% annually to $1.

Financial Insights expects regional investments in credit risk applications for three functional systems: default probability estimation, credit portfolio management systems, and global limits management systems, to compound at an aggregated rate of 16.6% annually to $1.74 bln by 2011. Total credit risk systems spending attributable to these top-tiered institutions comprise of 61% of the pie, vis-a-vis 34% and a mere 5% for Tier 2s and 3s respectively. On an institutional basis, the banks, with their larger coffers for IT risk, lead with 44% of the spending.

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