RBC adopts Risque for op risk
CANADA – The Royal Bank of Canada Financial Group (RBC) is implementing Risque, an integrated risk mitigation solution sold by Sophis, to help manage operational risk in the front-to- back office operations.
Risque will help RBC improve regulatory reporting, enhance market risk controls and minimise operational risks. RBC will implement the system across global arbitrage trading, structured products, synthetic fund of funds and convertible bonds desks located in New York, London and Tokyo.
The financial institution's diverse capital markets business sought a single system to process multiple instrument types across several geographical locations, while ensuring a strong reporting and controls
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