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Bayerische Vereinsbank Sets Up New Risk Control Structure

MUNICH--Bayerische Vereinsbank (BV Bank) is revamping its risk management operations in preparation for its merger with HypoBank. The bank has hired Andre Horovitz, previously head of risk management at Commerzbank, as its new head of group risk control. As part of its risk revamp, BV Bank is rolling out Algorithmics' RiskWatch system to calculate VAR across its trading portfolios. RiskWatch is

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