CWB Sponsors Convention of Risk Professionals - GARP -.

Business Editors

NEW YORK--(BUSINESS WIRE)--Jan. 31, 2000

CWB, the financial services IT consultancy and solutions provider, is an associate sponsor of the 1st Annual Risk Management Convention &Exhibition opening today in New York.

Delegates to the three-day convention, which is organized by the Global Association of Risk Professionals (GARP) and runs through Wednesday, has attracted risk managers from banks and other financial services companies who share the common concerns about limiting and controlling institutional risk across the world's financial markets. The convention will feature seminars and programs that cover Market Risk, Credit Risk, Operational Risk, and Integrated Risk Measurement and Management.

On Tuesday, February 1, Adam Robinson, Senior Business Analyst at CWB, will lead an Credit Risk seminar on &uot;Measuring &Managing Risk: A Guide to the Latest Developments in Risk Technology.&uot; Robinson will cite examples of companies who have recent losses due to inadequate risk management, demonstrate how they can become cumulative, differentiate the types of credit risk (including spread risk, default risk, default exposure, etc.), examine forces shaping the market (shareholder demands, globalization, disintermediation, capital constraints, etc.) project what the future of risk management will look like, and the offer CWB's view of the solutions to reducing exposure and costs associated with risks in the financial marketplace.

&uot;What has always differentiated CWB is our understanding of the business of financial services as fundamental to implementing IT solutions that meet the often unique challenges each financial company faces,&uot; said Robinson. &uot;Beyond mere solutions, however, are recognizing long-term trends and, in the case of risk, acting to minimize its detrimental effect.&uot;

Notes to Editors

- GARP

The Global Association of Risk Professionals is a non-profit independent organization of 10,000 financial risk management practitioners and researchers. GARP's mission is to serve its members by facilitating the exchange of information, developing educational programs, and promoting standards in the area of financial risk management. Members discuss risk management techniques, and standards, analyze current practices and regulation, and help bring forth potential risks in the financial markets to the attention of other members and the public. GARP seeks to provide open forums for discussion and free access to information such as events, publications, consulting and software services, jobs, Internets sites, etc.

- CWB

CWB, based in London and New York, is a privately owned company with over 200 employees. Founded in 1994 by Christiane Wuillamie, CWB is recognized as a pioneer of IT within the financial markets, by successfully providing a bridge between technology providers (whether internal IT departments or external suppliers) and business managers. CWB is structured around four principal service offerings:

- Consultancy Services which focuses on delivering complex

technology solutions

- Software Solutions which provides customizable global credit risk

solutions

- Managed Services which includes service management and

applications support

- Training and Documentation, providing clients with a service to

support their business

CWB clients include major investment banks, such as, J.P. Morgan, Merrill Lynch, Credit Suisse, Deutsche Bank, Dresdner Kleinwort Benson, HSBC, Barclays Capital, ING Barings, and Morgan Stanley Dean Witter.