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RepNat risk: Republic National Bank of New York is installing a new system for measuring market risks across its entire organization.
The bank's independent risk oversight unit has signed up for Algorithmics' Riskwatch, Risk++ and Riskwarehouse products. In particular, bank officials say they will "go well beyond" regulatory requirements for risk oversight.
RepNat risk officials couldn't be reached for further comment by RMO's presstime, due to the Thanks-giving holiday in the US.
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