First Union Opts For Distributed Risk Approach

FIRST Union National Bank of North Carolina has rolled out a "proof-of-concept" version of its new capital markets risk management architecture, according to bank officials.

The bank is avoiding traditional data warehousing approaches to company-wide risk management, however. Instead, it has built its new architecture around "middleware" message passing technology.

Jim Rogers, First Union's senior vice president of capital markets technology, says the standard centralized approach to global risk