Chase Cooper, an international supplier of operational risk and compliance business solutions for Basel II has announced the launch of a "Horizon Migration Model" for existing users of JP Morgan's Horizon operational risk software to migrate to its aCCelerate software suite.

JP Morgan is no longer continuing software development and support of their Horizon product for its international base of clients from the middle of 2006.  It is believed that JP Morgan's decision to pull out of the Basel II Operational Risk market was a underpinned by their need to focus on their core financial business activities.

Zag Asghar, a director of Chase Cooper said, "There are numerous Horizon users in the marketplace who will have difficult decisions to face. Some users may continue with Horizon for a period of time, but ultimately they will need to consider the functionality necessary for more effective operational risk management not catered for by JP Morgan's product.  There is also the issue of change management and existing data that needs careful consideration to allow an effective transition from the existing system to a new solution.  We are already working with existing Horizon users and have taken the issues into consideration to develop a "Horizon Migration Model" that will help JP Morgan clients to make the change with confidence".