Globalization and the specter of Barings also helped push Japan's banks into risk systems

Japan's enormous domestic banks are finally joining the rest of the world in using the sort of institutionalized risk management systems so commonplace in America's banks, in the process creating new markets for vendors of said systems. In the past few months, Infinity Financial Technology, Swiss Bank Corp., and a unit of Banker's Trust New York Corp. all announced deals in this area.

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