Bankers Trust Spins Off Raroc Unit Into New FSSI Subsidiary
BANKERS Trust has formed a new subsidiary to promote its Raroc -- risk-adjusted return on capital -- risk management methodology to financial institutions worldwide. The new subsidiary, dubbed Financial Software Solutions Incorporated (FSSI), will also sell the bank's XRM global risk management software and other Bankers-developed financial systems.
Tim Backshall, assistant vice president of global risk management analysis at Bankers Trust, says FSSI has been running for about three weeks now. It
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