TECHNOLOGY
TECHNOLOGY
Canadian Imperial Bank of Commerce (CIBC) has upgraded its bank-wide risk management systems with the help of Market Data Systems (MDS), a London-based software consultancy house. Robert Mark, CIBC's executive vice president of corporate treasury and risk management, says the new risk database collates real-time and historical market data, credit risk information, trading positions data and statistical analytics.
"MDS helps create the environment in which we calculate correlations and volatility
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