Lyonnais Runs Weekly Risk Checks On Triple-A Derivatives Programme

Credit Lyonnais in New York is running weekly credit risk simulations to help manage the risk exposures of its recently launched triple-A rated derivatives trading programme. Bank officials say they are using a customised version of LOR/Geske Bock Associates' Credit Analysis and Risk Management (Carma) system to ensure the programme's financial resources are sufficient to support its triple-A credit rating. Lyonnais' programme was launched at the end of February. Approximately 43 counterparti