NEW YORK--Republic National Bank has licensed Netrisk's Riskops software to evaluate and quantify its operational risk bank wide. Republic will use the software from the Greenwich, Conn.-based risk software and consultancy house for capital allocation and strategic decision making.
Republic will incorporate RiskOps figures into its bankwide view of market risk and credit risk, and integrate those results into its risk-adjusted return on capital framework, says a spokes person.
Ariel Salama, ma
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