TransConstellation was established in December 2003 as a not-for-profit entity, aimed at promoting Belgium as a centre of excellence in financial transaction processing. The members – Atos Worldline SA/NV, Euroclear, Fin-Force, Swift and The Bank of New York (Brussels office) – have joined with PricewaterhouseCoopers to benchmark best practices in operational risk management (ORM).
Its most recent research work has resulted in reference material benchmarking ORM maturity, published in June 2007. This step-by-step roadmap will help companies develop an ORM framework or validate existing ORM business practices through practical benchmarking and gap analysis.
