RISK MANAGEMENT Banks Wager On Enterprise Systems.

Bank Systems + Technology, September, 1998 by Marlin, Steven

Major banks are seeking ways to meld their various risk management activities -- traditionally performed by separate areas -- into a single enterprise risk management (ERM) system.

Institutions well into the process, such as J.P. Morgan and Canadian Imperial Bank of Commerce (CIBC), claim that ERM systems have helped them create risk-adjusted measures of business performance and, in turn, allocate capital among their businesses more efficiently.

The key challenge in building an ERM system, bankers and industry experts say, is pulling scores of position and market data -- on currencies, interest rate options, equities and counterparty exposures -- from around the globe into one place. Such projects, too, are expensive. The tab for an ERM system...

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