Raft acquired by Financial Objects

UK-based banking system vendor Financial Objects is moving into risk management software with the acquisition of Raft International, according to vendor officials. Under the financial terms of the deal, Raft is valued at £4 million ($7.1 million). The deal has been in the works since Raft put itself up for sale in September 2005, according to both vendors. The integration of the technologies from both companies is expected to go smoothly, according to Financial

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Investment banks: the future of risk control

This survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

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