User:OpenRisk

'OpenRisk' is an open initiative to catalyse widespread positive transformation of risk management processes in the broader financial services sector. The main motivation for the effort is the realisation that the development, adoption and effective use of risk management processess and tools is hampered by high costs, limited peer review, lack of openness and transparency, and finally limited standardization and access. In particular financial sector risk management suffers from a significant gap in the adoption of open source and collaborative paradigms. The ultimate result of this gap is a financial system that is less efficient and less stable.