FORTIS Bank Nederland, the Utrecht, Netherlands-based bank, is installing TotalRisk, an enterprise-wide risk management system developed by Massachusetts-based Redpoint Software.
Bank officials say Fortis will use Redpoint to support risk management across all its non-linear derivatives holdings. The system will also be used to cover trading and VAR for the bank's exchange-traded futures/options desks.
Matthijs van den Adel, Fortis's managing director of asset/ liability management and risk ma
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