Investec Bank Enhances Credit Risk Operation


SOUTH AFRICA--Investec Bank, a specialist banking group based in South Africa, is beefing up its internal credit risk controls with the installation of RicosWatch, the credit risk software solution from Toronto-based Algorithmics. Risk managers will use RicosWatch in conjunction with RiskWatch, Algorithmics' market risk engine, for an integrated view of the risks associated with Investec's proprietary trading and banking activities, says a bank source.

Credit risk management is quickly becoming a

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