Press Release

Fitch Solutions Wins Best Counterparty Data Project at the Inside Market Data and Inside Reference Data Awards

Global / Wed 18 May, 2022

Fitch Solutions, a leading provider of data, research and analytics, has won “Best Counterparty Data Project or Initiative” at the 2022 Inside Market Data and Inside Reference Data Awards. The award was presented in recognition of the Basel III – SCRA Data product.

Hosted by WatersTechnology, the Inside Market Data and Inside Reference Data Awards recognize industry excellence within market data, reference data and enterprise data management.

“We are very pleased to receive the Best Counterparty Data Project award for Fitch Solutions’ Basel III – SCRA Data,” said Paul Whitmore, Head of Credit Risk Solutions at Fitch Solutions. “We created this product to help our clients address the data challenges of compliance with SCRA, and it’s rewarding to see that the industry has embraced this critical tool in advance of the implementation of Basel III next year.”

In anticipation of the Basel III reforms set to take effect from January 2023, Fitch Solutions launched Basel III – SCRA Data in June 2021 with the intent of allowing internationally active banks to easily implement Basel III’s new standardized credit risk assessment (SCRA) approach for assigning risk weightings to unrated bank exposures. In creating the product, Fitch Solutions researched, compiled, translated, and standardized data in many different formats and languages from regulators and banks in more than 160 countries and territories.

Fitch Solutions previously won Best Counterparty Data Project or Initiative in 2020 for the Bank Scorecard product. They also hold several other awards from Inside Market Data and Inside Reference Data, including Best Counterparty Data Provider in 2019 and Best Research Provider in 2018.

About Fitch Solutions

Fitch Solutions fuels better informed credit risk and strategy decisions with reliable data, insightful research and powerful analytics. Clients can easily understand and interpret markets, while leveraging workflow efficiencies for enhanced productivity. Fitch Solutions provides accurate, granular and in-depth information, plus differentiated perspectives, especially in markets where information is hard to find and difficult to interpret.

Fitch Solutions is part of Fitch Group, a global leader in financial information services with operations in more than 30 countries. Fitch Group is owned by Hearst.

Further information is available at:

Media Contact
Anne Wilhelm
+1 212 908 0530

Inside Market Data and Inside Reference Data Awards 2022

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