BMo Extends Use Of Carma For Risk Management
TECHNOLOGY SPOTLIGHT
TORONTO--The Bank of Montreal (BMo) will extend its use of the Carma enterprise-wide risk management application from Cats Software.
The bank will use Carma to manage market risks stemming from its interest rate and foreign exchange trading operations. BMo previously restricted its use of Carma to calculating VAR on its forex portfolios.
Graham Pugh, director of quantitative risk management at the bank, says Carma has passed an internal testing period, hence the decision to extend the system's
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