CIBC Deploys Risk System Based On Sybase Warehouse
MANAGEMENT AND STRATEGY
Canadian Imperial Bank of Commerce, Canada's second- largest bank, is rolling out a global value-at-risk (VAR) system designed to calculate risk analytics in support of bank management and individual trading desks. The system was developed by CIBC's market risk management division, led by executive vice president Robert Mark, who oversees a dedicated risk management information systems group headed up by Ian Camacho in Toronto. Mark joined the bank in June last year from Coopers & Lybrand's risk
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