BofB Adds Real-Time Risk To Global Trading Room Net
MANAGEMENT AND STRATEGY
Bank of Boston (BoB) is implementing a new proprietary real-time market and credit risk management system across its global network of trading centers. The bank has already gone live with the new system on the foreign exchange desk at its Boston headquarters.
Dubbed the Treasury Risk Management System (TRMS), BoB's new risk software uses distributed object technology to calculate value-at-risk (VAR) and other risk measures, say bank officials. TRMS was developed by internal bank I.T. staff with
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