RBC in global switch to Risque system

Royal Bank of Canada (RBC) plans to run Sophis’ Risque cross-asset risk management software across its global capital markets businesses, as it seeks to minimise exposure to operational risk, RiskNews can reveal.

Bank of China International chooses Sophis

BOC International Financial Products, a division of Hong Kong-listed Bank of China International, has selected risk management software company Sophis to support the front, middle and back office of its new derivatives unit.