DrKW and Raft establish new op risk management standard
Investment bank Dresdner Kleinwort Wasserstein (DrKW) and Raft International, the component-based software provider to the financial services industry, have jointly developed and deployed Radar, a near real-time global operational risk management application, which is already live in the bank's London, Frankfurt, New York and Asian operations.
"We started in early 2000 to look at automating loss data collation and operational risk reporting for the bank," said Jonathan Howitt, director of operational risk at DrKW in London. "Once
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