Paribas First To Take Algo's New Ops Risk Module

VENDORS & SERVICES

LONDON--Banque Paribas is in the middle of piloting an operational risk module from Toronto-based Algorithmics designed to measure and manage settlement risk associated with its London-based fixed income and equity trading groups. Financial institutions have been prompted by regulators to understand their exposures to trades that fail due to processing errors or counterparty defaults.The first phase of the ops risk module pilot, which has been running for about three months, is close to fini

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