RZB selects Thomson Reuters for risk support

Raiffeisen Zentralbank AG, the central institution of the Austrian Raiffeisen Banking Group, Austria's largest banking conglomerate, has selected Thomson Reuters' Enterprise Platform technology to support enhanced market risk controls and VaR reporting system across the Group. According to the vendor, RZB is establishing a new market risk infrastructure, which will provide the bank with the ability to hedge its portfolios more effectively, enabling savings in hedging costs. Thomson Reuters'