Toronto-Dominion Bank Installs RiskWatch For Regulatory Reporting
TORONTO-Dominion Bank has gone live with a new global risk management application developed by Algorithmics, the Toronto-based financial software house. The bank is using Algorithmics' RiskWatch system to generate market risk reports for Canadian regulators, according to vendor officials.
Ron Dembo, Algorithmics' president and chief executive, says Toronto-Dominion signed up for RiskWatch in July of last year and was producing VAR reports by the end of October. The global risk system currently
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