
Models that put capital to work.
We build financial models to advise banks, insurers, funds and governments and license the same models as software for risk teams to run internally.
Creating value with risk analysis and software
Risk Control aims to do more than write recommendations. Our quants turn research into working models that price loans, set limits, size capital and release lending capacity.
Those models underpin our advisory reports, and are licensed by our clients' risk teams. The analysis you read is analysis you can run.
Our story
Independent analysis for institutions that set the rules.
Strategy reviews, model design and deal support for banks, insurers, funds and governments.
- Risk ModelsRisk departments in financial institutions
- Risk PoliciesRisk departments in financial institutions
- ValuationTreasury and business units in financial institutions
- Research library108 papers

Your risk teams can run the same models.
Credit, capital, stress testing, limits and pricing. Integrated, documented and configured by the quants who wrote them.
- RC-Capital ModelRisk engines
- RC-Non-Financial Risk Capital ModelRisk engines
- RC-Stress Testing SystemRisk engines
- Full System Package6 modules
The problems our clients bring us
Every paper runs on a model you can license
Capital Adequacy Benchmarking for MDBs
Read the full paper. This report presents a capital adequacy benchmarking analysis for nine prominent Multilateral Development Banks (MDBs), conducted by Risk Control and sponsored by the MDB…
Read the paperRC-Capital Model
The portfolio capital engine at the centre of the suite — every exposure, every risk factor, every run
See the productGuarantee Companies & Development Finance
This Risk Control study commissioned by FCDO and SECO examines the role of specialist guarantee companies in boosting developing-country investment and growth. We draw lessons for these companies and…
Read the paperRC-Rating Scenario System
See what a shock does to your agency rating before the agency does
See the productCapital Consumption-Based Limits: Integrating Limit and Capital Software Systems
Note available here. Many financial institutions (either credit insurers or banks) employ credit limits that are based on par value or Exposure at default (EAD). These have the significant drawback…
Read the paperRC-Limit System
Underwriters check headroom before they write the business
See the productForecasting Assets under Management for Stress Testing and Strategy Purposes
Note available here. For stress testing and strategy formulation, it is important for asset managers to forecast their Assets under Management (AUM) accurately. This paper develops statistical methods…
Read the paperRC-Stress Testing System
Turn a macroeconomic scenario into capital requirements and provisions
See the productRatings-Based Pricing and Stochastic Spreads
This paper generalizes a class of ratings-based credit derivative models proposed by Jarrow, Lando, and Turnbull (1997) and Kijima and Komorib-ayashi (1998) to allow for stochastic spreads and then…
Read the paperRC-Risk Based Pricing
A hurdle rate, delivered inside the underwriter’s own system
See the productRead the full papers, not just the summaries

Capital Cliffs and EU Securitisation Regulations
This report (written jointly by a Risk Control Director and co-authors from leading industry organisations) assesses cliff effects in European securitisation capital rules. Capital cliffs create distortions and exacerbate instability in financial stress…
Full text · figures
Risk Control Launches New Report on Specialist Guarantee Companies
Risk Control has launched its latest report, Guarantee Companies & Development Finance, at an online event held on 27 February 2026. Commissioned under the FCDO MOBILIST programme and SECO Economic Cooperation and Development, and authored by William…
Full text · figures
Guarantee Companies & Development Finance
This Risk Control study commissioned by FCDO and SECO examines the role of specialist guarantee companies in boosting developing-country investment and growth. We draw lessons for these companies and their equity owners from the experience of prominent…
Full text · figures
Based in London, working worldwide
The City financed the industrial revolution and still prices more cross-border risk than any other financial centre. We work from Golden Square, close to the institutions whose rules our models help to shape.
Tell us the question. We’ll show you the model.
Advisory projects, software demos and research collaborations start with one conversation.


