The New Risk Management Tool Kit

Curtis, Carol E.
February 2009
Securities Industry News;2/2/2009, Vol. 21 Issue 3, p7
Trade Publication
The article discusses a survey conducted by Aite Group in November 2008 which found that risk management and reducing costs are the top priorities of technology executives at capital market firms. It revealed that risk management has taken on new urgency, with or without regulatory involvement. According to Blaise Labriola, managing director of Altaira, firms will move away from value at risk (VAR), a calculation designed to determine the amount of money that can be lost over a specific time in combination with a measure of confidence.


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