HypoVereinsbank First Major Bank to Implement OpVaR
NEWS
LONDON--HypoVereinsbank, the second-largest bank in Germany, has become the first major bank to implement the Pricewaterhouse Coopers risk measurement tool OpVaR.
The late December announcement by PwC indicates that the fight for clients in the growing market for op risk software and services is hotting up.
It also signals that European banks have become more serious over the last year in their efforts to tackle operational risk.
So far, few other banks have publicly announced the installation of
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